Pitch-Madison Media special session: ‘Re-prioritisation is the key’
Pitch magazine and Madison Media joined hands for a special session on ‘The Road Ahead for Indian Media’ in times of tough economic conditions. The session was held in Mumbai on February 20 and sought ways to manage toplines and bottomlines more efficiently. The special session was a follow-up to the Pitch-Madison Media Advertising Outlook 2009, released in January 2009.

Pitch magazine and Madison Media joined hands for a special session on ‘The Road Ahead for Indian Media’ in times of tough economic conditions. The session was held in Mumbai on February 20 and sought ways to manage toplines and bottomlines more efficiently. The special session was a follow-up to the Pitch-Madison Media Advertising Outlook 2009, released in January 2009.
The Pitch-Madison Media Advertising Outlook 2009 makes a grim forecast for the year ahead, wherein as compared to a healthy growth rate of 17 per cent in 2008, the year 2009 would see only a 2 per cent growth in ad expenditure.
The session addressed some pertinent questions that the findings from the study raised – if the industry will see no growth in ad spends, how should Indian media get ready; what does it take for the Indian media industry to survive and grow in these times of slowdown; and what are the opportunities in these times of adversities, etc.
The session was divided into two panels – ‘Managing the Topline’, which focussed on how Indian media owners can increase revenues in today’s scenario, and ‘Managing the Bottomline’, where the panel spoke on how Indian media owners can manage their costs so as to maintain sanity in today’s economic scenario.
‘Managing the Topline’ session was moderated by Sam Balsara, Chairman & Managing Director, Madison World, while the speakers included ZEEL’s Joy Chakraborty, Lokmat’s Jwalant Swaroop, Selvel Outdoor Advertsing’s Noomi Mehta, BCCL’s Bhaskar Das, NDTV Media’s Raj Nayak, and P&G’s Sumeet Vohra.
At the outset, Balsara raised some important questions on the new strategies currently on the drawing board that media companies would or should roll out in the coming months to ensure that the topline grows. He also asked whether the slowdown would change the inter media dynamics.
Bhaskar Das admitted, “Yes, there is no money in the market today, and we being part of the system, the current situation is affecting all of us. There is no doubt, these are tough times.”
Expressing his views on strategies, Das explained, “Instead of getting worried about the storm, one needs to know how to enjoy and dance in the rains. These are challenging times hence, one has to discipline themselves. We need to prioritise ourselves and hence, re-prioritisation is the key to the problems.”
NDTV Media’s Nayak pointed out, “We need to have bailouts for television. According to me, print and television as an advertiser medium need to collaborate to compete. In the meanwhile, as an industry, all these years we have been facing the problem of talent crunch. So, now is not the time for lay-offs, but creating talent loyalty amongst our companies.”
On similar lines, ZEEL’s Chakraborty said, “During this phase, all broadcasters have to come together, However, television as a medium of communication business has always be a victim of low prices. We are the victims of research, but have never been paid our dues. I strongly believe that if a broadcaster has a strong revenue head, it will get good revenues.”
According to Lokmat’s Swaroop, “Like everybody, even the regional print space is witnessing a slowdown, but the slowdown is more from the metro regions’ perspective compared to the other regions of Maharashtra. Hence, it is very important that we as a regional player get over the unorganised way of advertising in the regions.”
Selvel’s Mehta noted, “January and February have definitely been bad for outdoor advertisers, and as for me, March, too, shall be disastrous. Prior to the slowdown, money was being pumped in, but when the markets crashed, there were no sales happening. The situation in Delhi, Mumbai, Bangalore and Chennai has been adversely affected. Hence, I feel now is the time to target the small and medium sized hoardings.”
Radio Mirchi CEO Prashant Panday stressed, “We need to accept that radio was sold wrongly. It is time to go back to the basic. But at the same, we need to convert the current situation to our fullest advantage. We shall now take radio as terrestrial radio. And if advertisers want us to communicate the brand in 25 different creatives as per the regions, we are ready to do so, but at our cost.”
According to P&G’s Vohra, “One needs to keep the domestic consumption rate in mind. As per the study, the FMCG sector seems very good, but there have been certain markets where we have seen a downturn. We need to keep a watch on costs and keep in mind that the consumer valuation equation does not dip. This would be the biggest challenge.”
Also read:
Pitch-Madison Media Advertising Outlook projects a growth of only 2 pc in 2009
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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
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'
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 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
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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KlugKlug onboards Hemang Mehta as Country Manager for Indias
Mehta was most recently Head of Agency Relationships at Network 18 Media & Investments
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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