Measuring the Real Value of Media Coverage

Public-Relations-Results-Measuring-&-Determining-ValueI came across an interesting blog post in MediaPost recently in which the author, travel PR executive Vicky Hastings, noted that quantitative measures are no longer sufficient for measuring the success of PR. Hear hear!

While the ‘what’s’ and ‘how’s’ of PR measurement will remain in debate for years to come, particularly as the industry continues to add social media to their PR mix, what I found of most interest is the recommended approach to measuring and reporting on media coverage.

Like the author of the above-mentioned blog post, we at PerkettPR believe that media coverage should be measured on both quantity and quality. Yes, the quantity of articles is important, but I’d argue that the quality of that coverage is equally important. Even as I write this, however, I know there will never come a day when a client requests great articles over more articles. ☺

Media Coverage ≠ Ad Space
We do agree that the purpose of media relations is not only to generate awareness, but to also obtain third party validation. A journalist-written article about a brand or its product is inherently more valuable than purchased ad space. The author notes that advertising equivalencies (AVEs) should never be used as a measurement for media coverage, and we wholeheartedly agree.

Measuring against AVE’s is an outdated and inaccurate assessment of an article’s value for several reasons – not the least of which is the existence of digital-only publications and the fact that 50 percent of consumers read their news online (The Social Guy offers some insight on how AVEs work – or don’t – in the digital age).

Another big one in my book is that it doesn’t take into account the quality of an article. Granted, quality is a unique and somewhat subjective factor in media measurement. While one can argue that a quarter-page ad in Forbes offers more value than a similar ad in a trade publication, that’s not necessarily true. It may cost more, but it’s the impact of the ad that matters.

Value is in the eye of the beholder
The same holds true for media coverage. The perception of value is largely dependent on the publications that best deliver on an individual company’s PR goals. For example, if the first goal of PR is to drive leads for the sales team, a trade publication read by sales prospects may be more helpful in generating leads than a story in a top business outlet; and will therefore be perceived as more valuable.

Shouldn’t that article then be measured more highly in accordance with its perceived value?

Next, consider the elements that make up that article. Does it hit on the company’s key messages? Does it include a spokesperson quote? A customer success story? Or even a photo or screenshot of the company’s product? Each of these elements not only adds another layer to the story, but also offers greater value. To measure an article that contains all of these elements simply by how much ad space it commands is hardly a true assessment of its actual value.

Measurement Matters
At PerkettPR, we promote a broader view and definition of media measurement to our clients, and by and large, they agree with this approach. But determining what to measure is only half the battle. Figuring out how to measure it is the hard part.

That’s why we’ve developed our own proprietary methodology and reporting process to address this need, but we’re curious to know what others are doing to measure and report the real value of media coverage.

Got any tips or insights you’d like to share? What do your clients ask for or care about most? We’d love to follow this post with a round up of your best ideas.

Tell your story – Storify

storifyWorking in an industry that’s constantly evolving, it’s imperative in PR to stay on top of the latest technologies, tools, and services. Whether it’s a social network (we love LinkedIn for networking and thought leadership opportunities) or a social media management tool (Hootsuite is on the top of our list)—we’re always on the look out for new and innovative ways to improve efficiency and enhance our client service. Being open-minded to new ideas, testing out new processes, tools, and services helps PerkettPR remain in the forefront. Did you know in 2008, we were one of the first PR firms to join and find value in Twitter? So, it’s no surprise that when I came upon social media curation service, Storify, I was eager to explore this social network that allows users to tell virtual stories using videos, pictures, tweets and more.

In PR, storytelling is pivotal. Every brand has a story. And it is how a brand creates a story for its target audience—one that features compelling content and meticulous thought – that makes it relatable and engaging; however the way we tell the story has evolved from traditional mediums like newspapers to the concise art of 140 characters. Storify extends our “storifying” abilities even more. Being in PR, this network is especially enticing as it gives us the control to creatively tell our clients’ stories – on our terms. Whether it’s showcasing client coverage, sharing videos, or promoting an upcoming event there are many valuable uses for this tool. Storify makes stories more interesting and authentic—bringing together many voices into one story—allowing a brand to build more trust and credibility with its audience. This network proves to be both interactive and social—giving stories depth and resonance—qualities needed in today’s social media savvy age.

In fact, Storify recently launched Storify Business, a premium service that allows companies to spread story content more effectively while building their brand presence. Some of the new specialized features include the ability to make stories private, more accurate analysis of results, real-time updates, CSS styling with custom story display, and enhanced technical support. We’re looking forward to seeing how marketers and companies alike embrace this new service.

Do you use Storify? Is it useful? What are some of your favorite stories? What additional features would you like to see to further boost your story? Please share your thoughts in the comments below.

Considering a career in PR? Tell your story for a chance to win

VideoInterviewCalling all future PR pros! Test your storytelling chops in a new video contest called, “Take Flight with PR,” launched this week by the Council of Public Relations Firms (Council), our industry’s trade association.

Contestants are invited to choose an interest, idea or passion they have, showing in their videos how a career in public relations would enable them to bring their dream to life. In particular, the Council is searching for the best video that most persuasively, and creatively, finishes this sentence:

“A Career in PR is an opportunity for me to: _______________.”

The contest is aimed at showcasing the multitude of careers possible at public relations firms, including career paths in brand marketing, public advocacy, video production, design, and more.

Submissions are being accepted from now until June 28, and then crowd-sourced voting will determine nine finalists, plus one “critic’s choice,” who will advance to the final round to be judged by a panel of PR pros.

Prizes will include a $2,500 cash prize, an expense paid trip to New York City for the winning video’s premiere at the Council’s Oct. 23 member dinner and online visibility on prfirms.org.

“It is critically important that we as an industry continue to educate the next generation of PR practitioners about the many career opportunities that exist in our business,” said Kathy Cripps, president of the Council of Public Relations Firms. “When it comes to finding the best people, we can’t be complacent. We need cutting-edge talent across disciplines to push our industry to new heights. We hope this video contest showcases both memorable creativity and great future PR talent.”

The “12 Days of Christmas,” PR-style

‘Tis the season for the annual Christmas Price Index from PNC Wealth Management, which tallies up the cost of the “12 Days of Christmas” each year. According to the 2012 appraisal, there’s just over a six percent mark-up from last year, meaning it’ll set you back a cool $107,300, as reported by USA Today.

Here’s a detailed list of the breakdown:

  • Partridge, $15; last year: same
  • Pear tree, $189.99; last year: $169.99
  • Two turtle doves, $125; last year: same
  • Three French hens, $165; last year: $150
  • Four calling birds (canaries), $519.96; last year: same
  • Five gold rings, $750; last year: $645
  • Six geese a-laying, $210; last year: $162
  • Seven swans a-swimming, $7,000; last year: $6,300
  • Eight maids a-milking, $58; last year: same
  • Nine ladies dancing (per performance), $6,294; last year: same
  • 10 lords a-leaping (per performance), $4,767; last year: same
  • 11 pipers piping (per performance), $2,562; last year: $2,428
  • 12 drummers drumming (per performance), $2,776; last year: $2,630

But here at PerkettPR, we’re singing a bit of a different tune. In keeping with the coming holidays, we thought it would be fun to create our own version on the classic song, just for our PR pals. After all, what good is being in this year’s so-called seventh-most-stressful job in America if we can’t poke a little fun at it – and ourselves? So without further ado:

On the first day of Christmas the PR gods granted me… a last-minute press release edit.

On the second day of Christmas the PR gods granted me… two misquoted clients. 

On the third day of Christmas the PR gods granted me… three RFPs.

On the fourth day of Christmas the PR gods granted me… four conference calls.

On the fifth day of Christmas the PR gods granted me… five cu-ups of coffee (Or is it happy hour? Then co-old martinis it is!).

On the sixth day of Christmas the PR gods granted me… six urgent emails a-waiting.

On the seventh day of Christmas the PR gods granted me… seven events a-networking.

On the eighth day of Christmas the PR gods granted me… eight stories not a-newsworthy.

On the ninth day of Christmas the PR gods granted me… nine awards needing drafting.

On the tenth day of Christmas the PR gods granted me… 10 products a-launching.

On the eleventh day of Christmas the PR gods granted me… 11 tweets to be posted. 

On the twelfth day of Christmas the PR gods granted me… 12 HAROs needing pitching, 11 tweets to be posted, 10 products a-launching, nine awards needing drafting, eight stories not a-newsworthy, seven events a-networking, six urgent emails a-waiting, five cups of coffee (oh, forget it…just bring on the martinis), four conference calls, three RFPs, two misquoted clients… and a last-minute press-release edit.

Care to add some more ideas on how we can “spin” the 12 days our way? Let us know in the comments below. And, last but certainly not least, we wish you and yours a very happy holiday season from all of us here at PerkettPR!

Persuasive Picks for week of 9/3/12

The balance of power in B2B public relations has shifted. No longer does the media hold all the cards, although they are still important influencers. Fast Company writer Wendy Marx provides some Best Practices In B2B PR to consider as the B2B public relations ecosystem continus to evolve.

B2B marketers have one of the most difficult and underappreciated jobs on the planet. Their mission is to create memorable brands out of some downright “unsexy” products. How do they do it? MarketingProfs‘ Russell Glass explains that the best B2B marketers are successful because they start with building a brand in How the Best B2B Marketers Think Like B2C Marketers: Five Strategies to Emulate.

Using social media correctly is like putting your Rolodex on steroids. Perhaps the best thing about using social media is that it allows you to communicate with all of your contacts at once through status updates. But Melinda F. Emerson at The New York Times warns there are some important lessons to learn and gives some insights on How Not to Pitch Your Business in Social Media.

Are you one of the many marketers who launch their social media programs because they feel they need to and then scramble to understand both how they will make these work and how they will be managed? Online marketing veteran Jasmine Sandler urges you to stop chasing your tail and start Your Social Media Marketing Plan in 5 Easy Steps via ClickZ.