IMC 2008: Work upon long term goals or face extinction, cautions Hearst International’s George Green

In times of economic recession what works is long term planning and having international quality editorial in localised flavour. This was the mantra for riding out the economic downturn according to George Green, President & CEO, Hearst Magazine International. He was addressing the distinguished gathering at the Indian Magazine Congress 2008, being held in Mumbai on September 22-23.

e4m by exchange4media Staff
Published: Sep 23, 2008 8:43 AM  | 3 min read
IMC 2008:  Work upon long term goals or face extinction, cautions Hearst International’s George Green

In times of economic recession what works is long term planning and having international quality editorial in localised flavour. This was the mantra for riding out the economic downturn according to George Green, President & CEO, Hearst Magazine International. He was addressing the distinguished gathering at the Indian Magazine Congress 2008, being held in Mumbai on September 22-23. The two-day Indian Magazine Congress is being organised by the Association of Indian Magazines (AIM) in association with WWM, Worldwide Media. exchange4media Group (exchange4media.com, Pitch and impact) and Business Standard are the media partners.

Green urged magazine publishers to work upon long term goals or else face an early extinction. Issues like cover price and ad rates that amassed the profits did not really help a publication survive in times of economic recession, he noted.

Sharing his 19 years of experience with the Hearst Group across different countries, Green said, “Economic recession, high newsprint price and competition are part of every single market, but the key to survival is not in looking forward to short term goals like cover prices and ad rates, but to frame a long term strategy and work towards a content that the readers do not know about, rather than giving the readers content they know. Hearst as a group has always worked upon the same theme and has been successful in difficult times such as the 1933 US recession and most recently, the 1998 Russian crisis.”

“India as a market is big and has a huge scope for magazines. We, too, are eyeing to grab a share of this market. But in a diverse market like India, where there are 15 regional official languages, apart from English, the catch for us would be to up the ante for both quality of the content and the overall product as there will always be someone waiting in the wings to take your place with an even better business and editorial plan for readers,” Green added.

Citing the rise of digital space in the publication spectrum as an add-on to the main product, Green was of the view that if a magazine had a digital platform of its own then its portal should be treated as an extension of the brand with add-on interactive tools. Here he cited the example of what Hearst did in Australia. “Each and every magazine of ours in Australia has its own website with add-ons such as games, whistle, etc., and as a result of the same, we have been able to differentiate our products to different TGs across different medium,” he pointed out.

Sharing the concern on retention of readership, Green said, “Digitisation of the magazine has imposed a problem for us as 80-90 per cent of the people who read our websites, don’t read the print version of the magazine.”

As to why many international players had faced failure in the overseas markets, Green said that they allowed their size, money and track record to push them towards believing that if it worked in their home country, it would work in overseas markets too.

“We believe that the Indian and Chinese markets are very different from each other. China has one culture and language, whereas India has a diverse culture and 15 regional official languages, which is why it would not be fair to treat two different markets on the same scale despite both having a similar sort of economic growth rate,” Green noted.

Green also revealed that the Hearst Group would be foraying into the Indian market in the next two years via a joint venture and would aim to make the India business as lucrative as other markets.

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E4M Our strategy is to target younger audiences through Sports: Rajiv Dubey, Dabur

The Head of Media at Dabur India spoke exclusively to exchange4media on the World Cup, associating with Indian Idol, the company’s digital spending and much more

e4m by e4m Staff
Published: Oct 27, 2023 6:15 PM  | 1 min read
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With quirky campaigns, memes and moment marketing, timed with the ongoing World Cup and particularly the India-Pakistan matches, Dabur India has got considerable consumer attention for its popular brands – Red Paste, Cool King Hair Oil, Chyawanprash, Dabur Vita and the recently launched Bae Fresh Gel toothpaste.

The 140-year-old company is going big on key sporting events, World Television Premiere (WTP) movies and reality shows. It is now gearing up to become the title sponsor of popular talent show ‘Indian Idol’ on Sony TV for the first time, shared Rajiv Dubey, who leads the media strategy at Dabur.

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Swapan Seth's new book 'COOL' is out

The book is a reflection of the author's 'eclectic taste across categories'

e4m by e4m Staff
Published: Oct 27, 2023 6:07 PM  | 1 min read
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Advertising professional and art collector Swapan Seth has announced the launch of his new book COOL. The book is described as "a ready reckoner to the hip and the happening, of the known and the very unknown."

The book is a reflection of the author's "eclectic taste across categories: from boltholes to exotic hideaways."

COOL has been published by Simon & Schuster India and is available on Amazon.

Seth is an ad veteran with a long and illustrious career in the industry. He became the youngest-ever Creative Director at Clarion at age 24. He was VP at 26 at Trikaya Grey. Two years later, he started his agency Equus.

He writes for publications such as The Economic Times, Hindustan Times and India Today. This is his second book and he has previously published THIS IS ALL I HAVE TO SAY.

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Disney Star signs 9 sponsors for Asia Cup PAK

Charged by Thums Up, Nerolac Paint+, Amazon Pay, Jindal Panther, My11Circle, MRF, Samsung Galaxy Z Flip5, Wild Stone and Thums Up come on board

e4m by exchange4media Staff
Published: Aug 26, 2023 11:48 AM  | 1 min read
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e4m Staff Disney Star has signed nine broadcast and digital streaming sponsors for the upcoming Asia Cup.

Charged by Thums Up, Nerolac Paint+, Amazon Pay, Jindal Panther, My11Circle, MRF, Samsung Galaxy Z Flip5, Wild Stone and Thums Up have come on board for the upcoming tournament.
As reported earlier by exchange4media, Disney Star has sought Rs 26 crore for the co-presenting sponsorship on TV and Rs 30 crore for Disney+ Hotstar.

According to industry sources, the associate sponsorship on Star Sports has been priced at Rs 19.66 crore, whereas for the ‘powered by’ sponsorship on Disney+ Hotstar, the broadcaster is seeking Rs 18 crore.

As per the information available with exchange4media, Disney+ Hotstar has three sponsorship tiers-- co-presenting (Rs 30 crore), powered by (Rs 18 crore) and associate sponsorship (Rs 12 crore). The broadcaster is offering an estimated reach of 120-140 million for co-presenting sponsors, 90-100 million for powered by and 60-70 million for associate sponsorship.

A spot buy for 10 seconds has been priced at Rs 25 lakh for the India vs Pakistan matches, while for the non-India matches, the ad rate for 10 second is Rs 2.3 lakh. The India matches plus the final for ODIs has been priced at Rs 17 lakh per 10 seconds.

Asia Cup is scheduled to be held from 30 August, 2023, to September 17, 2023.

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Sorted 360 wins creative & social media mandate of Reliance Mall

The agency will manage offline and online campaigns for Reliance Mall

e4m by exchange4media Staff
Published: Aug 26, 2023 10:54 AM  | 1 min read
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Sorted 360, an integrated creative and social media agency, has won the mandate to providing brand solutions for Reliance Malls across India.

“Sorted 360 is set to enhance Reliance Malls' market presence with their unparalleled creative prowess and strategic thinking,” read a press release.

“Sorted 360's commitment to pushing the boundaries of creative communication aligns perfectly with Reliance Malls' ethos. With a pan-India presence spanning across 19 cities and growing, Reliance Malls has consistently captivated customers by offering an array of Reliance brands and third-party fashion & lifestyle brands. The mall has established an unparalleled connection with its patrons through superior quality, a remarkable value proposition, and an unmatched shopping experience,” it read further.

"We are thrilled to welcome Sorted 360 as our trusted partner in advancing our brand presence across the nation," said the Head of Marketing at Relaice Malls. "Their proven expertise in retail, shopping center management, and innovative creative strategies make them the perfect fit for our vision."

"Partnering with Reliance Malls is a testament to our commitment to shaping extraordinary brand experiences," remarked Prerana Anatharam, Co-founder of Sorted 360. "We are excited to leverage our strategic and creative acumen to further elevate Reliance Malls as the epitome of convenience, choice, and excellence."

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e4m by exchange4media Staff
Published: Aug 25, 2023 4:39 PM  | 1 min read

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e4m by exchange4media Staff
Published: Aug 25, 2023 4:38 PM  | 1 min read

KlugKlug onboards Hemang Mehta as Country Manager for Indias

Mehta was most recently Head of Agency Relationships at Network 18 Media & Investments

e4m by exchange4media Staff
Published: Aug 24, 2023 3:35 PM  | 1 min read
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KlugKlug has appointed Hemang Mehta as its Country Manager for India.

Mehta will play a pivotal role in driving KlugKlug's growth and expansion within the Indian market and be responsible for Sales & GTM Strategy

Prior to that, he has also represented organisations like Exponential (now VDX.tv), India Today Digital and Rediff.com. His expertise spans various domains including digital media sales, mobile marketing, media planning, and buying, social media marketing, and more.

Hemang Mehta expressed his enthusiasm about joining KlugKlug, saying, "I am thrilled to be a part of KlugKlug, a forward-thinking platform that is reshaping the influencer marketing landscape. As much as I look forward to collaborating with the exuberant team at KlugKlug, I am super excited to interact with the brands to deliver powerful data-backed Influencer solutions that will guarantee business outcomes."

Commenting on the appointment, Kalyan Kumar, Co-Founder and CEO of KlugKlug, stated, "We are excited to welcome Hemang Mehta to our team as the Country Manager for India. His extensive experience in digital media sales and marketing will be instrumental in driving our efforts to provide influencer marketing solutions to our clients. We believe Hemang's leadership will be key in scaling our operations and expanding our reach within the Indian market."

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