Quality advertising to pair with quality content

“When you consider how publishers might compete with the platforms going forward, it seems likely it will take the same thoughtful and high-minded approach around advertising that we take now with our content.”

Last year, I predicted that in 2016, we would see a rise in the importance the media industry places on quality content. While I’ve never been mistaken for a futurist (would I be in this business if I knew this was going to happen?), I’d suggest that we did see signs that undifferentiated, commoditized content — whose primary aim was to drive huge referrals from Facebook — started to lose its luster. We saw new media properties written off as worthless, the merger of struggling media experiments, leadership changes at once-high flyers, and the rise of fake news. On the less cynical side, we also saw the funding of The Outline, Axios, and Cheddar — new models designed to “superserve” a specific target audience and — gasp — not rely exclusively on advertising revenue.

m-scott-havensWith the continued shift of money towards mobile advertising, the steady rise in ad fraud and ad blocking, the increasing dominance of Facebook and Google (“the Duopoly”) in the digital ad market, the insufficient programmatic revenue for premium publishers, and a clear investment acceleration in publishers’ branded and native content studios — including our own hiring of Steve Feuling from Dentsu Aegis and Teddy Lynn from Ogilvy to bolster our marketing services — it seems obvious to me that in 2017, the digital media industry will pivot sharply towards quality advertising to place adjacent to our quality content.

The current state of the digital advertising woes owe a great deal of ingratitude to Hotwired.com’s launch of the first banner ad in 1994. Not that anyone else had a better idea at the time, but taking an old ad format — inspired by print and/or outdoor advertising — and migrating it to a new medium is never a good idea. Sure, there have been noble attempts at transforming digital advertising over the last 25 years — and countless examples of effective and impactful digital campaigns — but the industry has never quite recovered from that first banner unit.

While there are many reasons that the Duopoly has been successful at grabbing the lion’s share of the digital ad market (including: unrivaled scale and engagement, amazing access to and use of data on individuals and their behavior, and a powerful self-serve/programmatic/attributable delivery system), the platforms have been thriving because their ads work — people actually use them, people actually buy products because of them. And importantly, the ads don’t feel foreign to these platforms — they feel native.

When you consider how publishers might compete with the platforms going forward — without the scale, data, or sophisticated ad platforms — it seems likely it will take the same thoughtful and high-minded approach around advertising that we take now with our content. Publishers must understand our audience better than anyone, help our clients solve their problems, wrap in sophisticated first-party data, and ultimately deliver high-quality and effective cross-platform advertising experiences seamlessly woven into our great content — slugged appropriately, of course. Call it branded, native, sponsored content — or simply advertising — but there is no doubt that done well, the experience for users is better, the ads are more impactful, and perhaps publishers might reclaim some of the lost territory — or as importantly, avoid losing the future branding dollars that will flow from TV.

Premium publishers’ were given the best holiday gift of the year when comScore reported that advertising placed next to premium content (represented by current Digital Content Next member sites) was 67 percent more effective than when run across the non-premium sites. So once again, I’ll make a rather safe bet and guess that 2017 will be a pivotal year where the media industry focuses deeply on quality advertising.

M. Scott Havens is global head of digital at Bloomberg Media.

Cory Haik   Navigating power in Trump’s America

Michael Oreskes   Reversing the erosion of democracy

Joanne Lipman   The year of the drone, really

Carla Zanoni   Prioritizing emotional health

Emi Kolawole   From empathy to community

Renée Kaplan   Pure reach has reached its limit

David Weigel   A test for online speech

Anita Zielina   The sales funnel reaches (and changes) the newsroom

Nathalie Malinarich   Making it easy

Trushar Barot   API or die

Felix Salmon   Headlines matter

Mathew Ingram   The Faustian Facebook dance continues

Andrea Silenzi   Podcasts dive into breaking news analysis

Mario García   Virtual reality on mobile leaps forward

Tim Herrera   The safe space of service journalism

Bill Adair   The year of the fact-checking bot

Asma Khalid   The year of the newsy podcast

Ashley C. Woods   Local journalism will fight a new fight

Nicholas Quah   Podcasting’s coming class war

Lee Glendinning   A call for great editing

Jeremy Barr   A terrible year for Tiers B through D

Alexis Lloyd   Public trust for private realities

Cindy Royal   Preparing the digital educator-scholar hybrid

Kathleen Kingsbury   Print as a premium offering

Julia Beizer   Building a coherent core identity

Dhiya Kuriakose   The year of digital detoxing

Liz McMillen   The year of deep insights

Laura Walker   Authentic voices, not fake news

Alice Antheaume   A new test for French media

Mira Lowe   News literacy, bias, and “Hamilton”

Tressie McMillan Cottom   A path through the media’s coming legitimacy crisis

Nushin Rashidian   A rise in high-price, high-value subscriptions

Coleen O'Lear   Back to basics

Dannagal G. Young   The return of the gatekeepers

Eric Nuzum   Podcasting stratifies into hard layers

Rachel Schallom   Stop flying over the flyover states

Katie Zhu   The year of minority media

Matt Waite   The people running the media are the problem

Burt Herman   Local news gets interesting

Sarah Marshall   Focusing on the why of the click

AX Mina   2017 is for the attention innovators

Priya Ganapati   Mobile websites are ready for reinvention

Jim Friedlich   A banner year for venture philanthropy

Megan H. Chan   Cultural reporting goes mainstream

Mary Meehan   Feeling blue in a red state

Matt Karolian   AI improves publishing

Amie Ferris-Rotman   Вслед за Россией

Ole Reißmann   Un-faking the news

Sam Ford   The year we talk about our awful metrics

Maria Bustillos   “It’s true — I saw it on Facebook”

Caitlin Thompson   High touch, high value

Bill Keller   A healthy skepticism about data

Carrie Brown-Smith   We won’t do enough

Sydette Harry   Facing journalism’s history

Liz Danzico   The triumph of the small

Laura E. Davis   Show your work

Andrew Haeg   The year of listening

P. Kim Bui   The year journalism teaches again

Alberto Cairo   Communicating uncertainty to our readers

Adam Thomas   The coming collaboration across Europe

Libby Bawcombe   Kids board the podcast train

Melody Kramer   Radically rethinking design

Valérie Bélair-Gagnon   Truthiness in private spaces

S.P. Sullivan   Baking transparency into our routines

Errin Haines   Chaos or community?

Christopher Meighan   Unlocking a deeper mobile experience

Lam Thuy Vo   The primary source in the age of mechanical multiplication

M. Scott Havens   Quality advertising to pair with quality content

Rachel Sklar   Women are going to get loud

Jonathan Stray   A boom in responsible conservative media

Richard Tofel   The country doesn’t trust us — but they do believe us

Vivian Schiller   Tested like never before

Mike Ragsdale   A smarter information diet

Tanya Cordrey   The resurgence of reach

Almar Latour   Thanks, #fakenews

Molly de Aguiar   Philanthropists galvanize around news

Juan Luis Sánchez   Your predictions are our present

Gabriel Snyder   The aberration of 20th-century journalism

Taylor Lorenz   “Selfie journalism” becomes a thing

Aja Bogdanoff   Comments start pulling their weight

Andrew Ramsammy   Rise of the rebel journalist

Sue Schardt   Objectivity, fairness, balance, and love

Olivia Ma   The year collaboration beats competition

Geetika Rudra   Journalism is community

Tim Griggs   The year we stop taking sides

Peter Sterne   A dangerous anti-press mix

Kawandeep Virdee   Moving deeper than the machine of clicks

Elizabeth Jensen   Trust depends on the details

David Skok   What lies beyond paywalls

Rubina Madan Fillion   Snapchat grows up

Ernst-Jan Pfauth   Earn trust by working for (and with) readers

Amy Webb   Journalism as a service

Erin Pettigrew   A year of reflection in tech

Annemarie Dooling   UGC as a path out of the bubble

Ray Soto   VR moves from experiments to immersion

Zizi Papacharissi   Distracted journalism looks in the mirror

Michael Kuntz   Trust is the new click

Javaun Moradi   What can we own?

Jon Slade   Trusted news, at a premium

Juliette De Maeyer and Dominique Trudel   A rebirth of populist journalism

Mandy Velez   The audience is the source and the story

Mark Armstrong   Time to pay up

Moreno Cruz Osório   The year of transparency in Brazilian journalism

Hillary Frey   Forests need to burn to regrow

Erin Millar   The bottom falls out of Canadian media

Andy Rossback   The year of the user

Andrew Losowsky   Building our own communities

Scott Dodd   Nonprofits team up for impact

Helen Havlak   Chasing mobile search results

Pablo Boczkowski   Fake news and the future of journalism

Robert Hernandez   History will exclude you, again

Tracie Powell   Building reader relationships

Francesco Marconi   The year of augmented writing

Mary Walter-Brown   Getting comfortable asking for money

Rebekah Monson   Journalism is community-as-a-service

Samantha Barry   Messaging apps go mainstream

Steve Henn   The next revolution is voice

Ariane Bernard   Better data about your users

Guy Raz   Inspiration and hope will matter more than ever

Margarita Noriega   From pinning tweets to tweeting pins

Jonathan Hunt   Measurement companies get with the times

Dan Colarusso   Let’s make live video we can love

Umbreen Bhatti   A sense of journalists’ humanity

Doris Truong   Connecting with diverse perspectives

Sara M. Watson   There is no neutral interface

Rasmus Kleis Nielsen   News after advertising may look like news before advertising

Ståle Grut   The battle for high-quality VR

Swati Sharma   Failing diversity is failing journalism

Amy O'Leary   Not just covering communities, reaching them

Ryan McCarthy   Platforms grow up or grow more toxic

Dan Gillmor   Fix the demand side of news too

Corey Ford   The year of the rebelpreneur

Reyhan Harmanci   Bear witness — but then what?

Claire Wardle   Verification takes center stage

Sarah Wolozin   Virtual reality on the open web

Millie Tran   International expansion without colonial overtones

Keren Goldshlager   Defining a focus, and then saying no

Emily Goligoski   Incorporating audience feedback at scale

Ken Schwencke   Disaggregation and collection

David Chavern   Fake news gets solved