T Rex

August 1, 2015

A Mighty Last Gasp: Dinosaur Media (Newspapers) Still Reach The Elite, The Influential, And The Powerful

by Freddy J. Nager, Founder of Atomic Tango LLC + Diehard Newspaper Lover; photo by David Monniaux via Wikimedia Commons…

Many marketers and media pros are buzzing about “influencer marketing”: hiring celebs of various stripes to spread the word in a social-media-driven marketplace. That’s why YouTube stars have agents and Pinterest mavens have endorsement deals.

But what if you want to reach influential Americans who are NOT active online? (Yes, there are influential people who don’t give a tweet.) What if your target market looks like this…

  • they have more education and professional experience than the average person
  • they own homes and a lion’s share of the nation’s wealth
  • they manage the wealth and major purchasing decisions of others
  • they not only vote but donate millions to causes and politicians
  • they even write the laws that shape our society

You can count those people in the billions… of dollars. So how do your reach them en masse?

I’ll give you a hint: forget Snapchat and ads during “The Walking Dead.”

Enter The Dinosaurs

Think newspapers — and not necessarily the digital versions. I’m talking good ol’ fashioned dead wood. Sure, physical newspapers are declining by the day, and in about three years we’ll talk about them the way we currently talk about payphones and VHS players and fresh water in California. They’re dinosaurs walking inexorably into the sunset.

But in the meantime, newspapers are a smart way to reach the rich and influential. Since subscriptions cost hundreds of dollars annually and the paper gets personally delivered to the subscriber’s home or office, odds are that the papers actually get read. (Take THAT, most Facebook Pages.)

But don’t just take my word for it — take the hundreds of pages and thousands of words of these marketers…

Tomes To My Home

Hamlet-Magazines

Heavy reading.

I recently received two brick-heavy magazines with my L.A. Times. (Note: although I subscribe to a daily paper, I definitely don’t count myself among the rich and influential.)

  • Elliman Magazine: Weighing in at nearly 350 pages, this publication by Douglas Elliman Real Estate looks like a lifestyle mag — that’s supermodel Naomi Campbell on the cover — but it’s really a catalog of 7- and 8-figure homes worldwide. Apparently, the key to selling a $15.5 million Manhattan penthouse or a $12 million beachfront villa in Barbados is to print out some glossy branded content and hand deliver it to people who pay for curated news. And that seriously makes sense to me, even if they do get a few apartment-dwellers like myself in the mix.
  • BoConcept Catalog: Of course, once you buy your new villa, you need to fill it with furniture. Since many newspaper subscribers are home owners, furniture retailer BoConcept included this relatively svelte 160-page catalog in the L.A. Times. Not everything inside is outrageously priced, though I don’t see myself spending $4,869 for a “Volani wall system” (whatever that is) anytime soon. I will bet that there are some subscribers who could and would fork out for these furnishings.

In addition to these stand-out examples, my newspaper regularly includes separate printed media for the L.A. Opera and various Oscar and Emmy nominees (Hollywood execs, or at least their assistants, count among newspaper readers). I also expect to see a flood of campaign ads for the 2016 election. From the arts to luxury cars, golf courses to fundraising drives for universities, newspapers still serve as the ideal targeted ad vehicle.

Finally, let’s not forget that the journalists themselves are influencers. While most don’t get paid enough to afford the advertised products, they may still write about them. And whatever newspaper journalists write about influences TV reporters, bloggers, social media zealots, and other media types. You could attempt to personally pitch journalists with press releases, but that’s labor intensive. At the end of the day (or with a tight deadline) you sometimes have to let your ad dollars do the talking for you.

Of course, all these ads targeting power players won’t be enough to keep newspapers afloat. As I wrote in a previous post about free riders and journalism, print papers are destined for extinction. So if you need to reach the 1%, take advantage of this dinosaur media while you still can. Unless you can figure out how to include a catalog with a cat video.

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Freddy is the Founder & Creative Strategist of Atomic Tango. He also teaches at the University of Southern California (go Trojans!), shoots pool somewhat adequately, and herds cats. Freddy received his BA from Harvard and his MBA from USC.

6 Responses

  1. Great read, the way you “cat-ified” the dino accessories photo made me roar with laughter, and I love the new (?) blog tagline: “For all who stir the imagination and leave the competition shaken…” Well done, Double-O Nager!!

  2. Good reminder to not forget the traditional forms of marketing that still work!

    • mm

      Thanks, Hayley! Marketers are so enamored with the “shiny new thing” that they tend to abandon what’s working. That, of course, leads the traditional forms to fail, becoming a self-fulfilling prophecy.

  3. It also seems that the wealthy newspaper readers (and apparently investment companies) are as gullible as the general online advertising audience.

    The Headline is “BuzzFeed Motion Pictures’ winning strategy: fast, cheap and viral”

    The content boasts about “data driven strategy”, yet it gives the reader absolutely no data about whether the strategy accomplishes anything of value to any advertiser other than Buzzfeed. They say they make 70+ videos a week. Fast and cheap. Yet they only cite about 5 instances of any of them going viral and cite no evidence that going viral helped sell more products or services other than their own.

    http://www.latimes.com/business/la-fi-buzzfeed-studios-20150809-story.html#page=1

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