“Michelle receives my highest recommendation. She is enormously talented and capable, and I have seen her succeed at everything from management of people and projects to wisely advising clients, maintaining industry relationships, innovating in the branded entertainment space, and selling in projects and new ideas. On top of all of that, Michelle is delightful and a pleasure to work with.”
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“I had the pleasure of working with Michelle on the American Idol properties while I was working at AT&T. Michelle always came to our meetings with a well thought out plan; where she fully engrained herself in our business to ensure what was proposed from a sponsorship perspective really met our goals and objectives. She was thoughtful in her approach and always made suggestions that would elevate our brand and allow a full and more robust integration with the property. Michelle treats her clients with respect and appreciation; working with her was a true collaborative partnership. She is a pleasure to do business with; challenges had solutions, projects and deadlines were met on time and budgets came in on target – as a client there is not much more you could ask for from your partner.”
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Asad Haroon
https://lnkd.in/gSNGxFQp The Spencer Stuart annual CMO Tenure Study offers compelling insights into the evolving role and stability of CMOs, particularly noting the tenure stabilization at 4.2 years for Fortune 500 CMOs. It's intriguing that B2B CMOs tend to have longer tenures compared to their B2C counterparts, with 4.5 years versus 4.0 years respectively. This difference likely reflects the distinct challenges and market dynamics each sector faces. The study also highlights the increasing trend of CMOs taking on broader responsibilities and the significant number of first-time CMOs being promoted internally, suggesting a strong emphasis on leadership development and succession planning within organizations. It is great to see that women now represent half of Fortune 500 CMOs. I believe it's important now for companies to turn their attention to improving development and support systems for diverse high-potential leaders. #CMOtenure #B2BMarketing #Leadership #WomeninMarketing
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Joe Epstein
Why We Play the Game Some interesting sports nuggets coming from Horowitz research that portends some significant growth for younger-than-cable/broadcast (basically, under 49) audiences via the new Venu streaming service. 🏈 Per Horowitz, 58% of sports viewers 18-34 and 57% of 35-49 yo indicated a likelihood to subscribe to Venu. (In all, 42% of 2,008 surveyed U.S. adults who identified themselves as "sports viewers" said they'll "likely" or "very likely" subscribe to Venu Sports, Horowitz said.) 🏈 🏈 This is decidedly good news for the service and validates the Venu Triumvirate’s move to future proof their business since 74% of cable subs cite ESPN as a “must have” and 48% of adults said that ESPN was important to their enjoyment of cable, more than any other channel (https://lnkd.in/gUJpccYR). 💥 But to put this into some perspective, Harris Poll research indicates only 35% of Millennials and GenZers watch sports on live broadcast (https://lnkd.in/g2fmbqtt). While this may not be quite an apples to apples (especially since Venu hasn't even launched), Morning Consult's extensive sports research indicates 52% GenZers say watching sports it’s not an important part of being a fan (https://lnkd.in/gujHRgDV). Foul the play or a second half comeback? I am betting on the latter if the Venu team understands how to engage the Zillenial fanbase in a meaningful way (ahem). Its gonna be a good game, that is for sure. https://lnkd.in/gCdPUGQe
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Like athletes to train both physically, and mentally, preparation is key for success. At Sports Innovation Lab, we’ve spent three years preparing for this moment. Now, everything comes together – the preparation, the passion, the positioning. With a breadth of inventory and depth of understanding of fans were ready to help break new records and media performance. The opportunity is here. Are you ready to score big? #MediaPerformance #SportsInnovation #DigitalMedia #audiencetargeting #IABNewFronts
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Lara Krumholz
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Robert Webster
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Paul C.
💡 #Brands Take note how the #NYPost mitigated #cookiepocalypse risk by using Aqfer's identity resolution tech, informed by Prohaska Consulting. In a post 3rd party cookie 🍪 world killer content and segmentation hooked to an adtech #frankenstack results in risk & loss. Pubs and brands need their own 1st party IDR systems to avoid fragmented customer views that result from multiple ID providers & other partners who are all hooked to each other in an attempt to create their own scale. This many-to-many-middlemen scenario has plagued adtech from the start. The result is redundancy, media waste, inconsistent customer experiences and inaccurate measurement. Think of Aqfer IDR like Data tech’s version of SPO 😉 #DPO, enabling clients like the NYPost, to get a single, deduplicated, omnichannel view of their customers. More here - https://lnkd.in/ggjDGWn5 https://lnkd.in/gTNURTu2
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Priscilla V.
🚀 Exciting Audio Case Study Alert! 🚀 I'm so thrilled to share the details of a 1st-of-it's-kind audio industry study driven by the teams at SiriusXM Media, Wavemaker US, and DoorDash! The campaign leveraged the sonic expertise of our #StudioResonate team who built tailored ads for both platforms and our study, in partnership with Claritas, revealed how combining #streaming audio and #podcasts boosts campaign reach and effectiveness for brands. *Spoiler Alert* Adding Podcasts drove 70% incremental reach to the streaming campaign while driving incremental actions from App Downloads to First Order Completes that wouldn't have otherwise happened! Learn more about the campaign, listen to the creative, get the results, and hear from the team here: https://lnkd.in/ezMmYmQH Thank you to Caitlyn Fuoco, Luna Catini, Evelyn Lopez Mendoza, Melissa Paris (Wright), and Victoria Beth Chow for your partnership on this campaign, for your innovative thinking, and continued support of 3P measurement in proving out the efficacy of #audio and the opportunity for #marketers! #MarketingStrategy #AudioAdvertising #PodcastAds #StreamingAudio #DigitalMarketing #CaseStudy #Pandora #SiriusXMPodcastNetwork #GroupM #Leadership #3PMeasurment #OpenEcosystem #CaseStudy #AudioIncrementality #PowerofAudio #Reach #IncrementalReach #ROI
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George Wescott
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Rachel Pasqua
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Rowland Harding
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Katie (Risch) McAdams
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Brian Danzis
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Samantha Dascher
🛫 🇬🇧 🎤 Heading to London for The Podcast Show next week! Looking forward to seeing old and new colleagues in the space and exploring how Jun Group can help with your audio audience goals. Podcasting is projected to grow over 12% across 2024 and I can't wait to meet and learn from the best in the business! #Podcasting #AudienceGrowth #ThePodcastShow
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Chris Williams, CM
About 18% of TV/Digital Video is traded on media currencies defined by MRC, the other 82% is defined by Numeris. However, as media properties move from linear to streaming (story below) the MRC currency universe grows while the Numeris universe erodes. It's not about the size of the overall audience or time "tuned". It's about moving from GRP currency to Impression currency which severs the content metric from the ad metric.
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Tom Denford
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Chris Peterson
A busy morning in the podcast world as the IAB has released the 2023 podcast advertising study & iHeartMedia reported Q1 earnings. Let's dive in! First: IAB The headlines are simple: - Podcast ad revenue grew by 5% in '23, just shy of $2b (US). Yes, this is slower growth than we have seen previously (I can hear those misinformed headlines being typed as we speak!). If you look at the major players and their quarterly earnings over the last year, they all saw growth. So, what slowed down overall revenue? Simply, it was the middle & lower tier of podcasting. Brand dollars went to Spotify, iHeartMedia, SiriusXM, etc., increasing the delta between those platforms & the independent publisher. - But wait, there's more... Podcast revenue is projected to more than double its 2023 ad revenue growth rate in 2024 and is tracking to a total spend of $2.6b by 2026. So what does this mean? This means that podcasting remains very healthy and the best revenue growth opportunity in digital media for the foreseeable future. We're seeing increased revenue growth from all the big players, and those dollars do trickle down to the mid-tier, especially as they tap into existing marketplaces. All is good. https://lnkd.in/eCGxgnUs --- Now, onto iHeartMedia: Overall, the company made $799 million, down YoY by 1.5%. If you take out political revenue, they're down 2.5% (and the stock reflects that, down ≈31% today as of writing this... eesh). Their Digital Audio Group saw revenue of $239m, up 7%. Not bad! Thankfully, iHeart breaks out their podcast numbers, which were $91m, up 18%! If you remove podcast revenue, the digital group is only up 1%. So, like with SiriusXM, we see podcast revenue as the tide raising all boats. So what does that mean? It's the same story as SXM: a declining business focused on radio that is desperately trying to grow its digital initiatives to offset losses from its bread and butter. And podcasting is the only digital venture that is working—and it's working well! But will it work quickly enough? That's a tough one. Podcasting now makes up 11.3% of the overall revenue, which is tremendous growth but needs to be bigger to offset the rest. So, what happens? While the company tries to grow digitally as quickly as possible, it is also creating quite a valuable asset that could be attractive to an outside buyer. $400-500m/yr in revenue with an extensive podcast network, ad marketplace, and technology could be quite the bundle for larger companies that have yet to enter the podcast space... 👀 Never a dull moment! --- I'm the CEO and founder of DWNLOAD Media, a fund focused on acquiring majority stakes in podcast companies. With continued audience and revenue growth, podcasting continues to be the most under-valued medium, making it time to invest in audio. If you're interested in investing in the podcast space, DM me! #podcasts #audio #investing #podcasting #iheart #radio
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