Media Evolution: How Philadelphia-Area Businesses Are Leveraging Paid Media to Stay Ahead
Philadelphia’s media and advertising landscape is undergoing a dynamic transformation, opening up innovative ways for local businesses to shape and share their stories.
As earned media channels become increasingly crowded and unpredictable, savvy companies are leveraging paid media strategies to amplify their voice and forge deeper connections with their target audience.
The Decline of Earned Media in Philadelphia
The last decade has significantly changed media coverage across the United States, particularly in the earned media sector. Recent reports have revealed that the bad news about local and national newspapers has reached epic proportions — and continues to accelerate.
The nation has lost one-third of its newspapers and two-thirds of its newspaper journalists since 2005. Additionally, in 2023, an average of 2.5 newspapers closed every week, up from two a week in 2022, further evidence of an increasingly grim earned media advertising climate.
Current Market Brings Challenges for Public Relations Professionals
The continual downsizing and budget cuts of traditional news outlets have made it harder for Philadelphia businesses to secure media coverage through earned media channels.
Shrinking newsrooms mean fewer available journalists to cover local stories, intensifying competition for limited space in news articles.
As a result, public relations firms and content creators are finding that building relationships with journalists and securing media mentions requires a considerable time and resource investment, often with uncertain results.
According to a recent survey by the Public Relations Global Network and Buchanan Public Relations, generating earned media has become a serious challenge for public relations professionals in recent years. “Generating news coverage for our clients has required significantly more creativity, manpower, and resources than it did just a few years ago,” said Anne A. Buchanan, APR, President of Buchanan Public Relations and a founding member of PRGN.
The full report also recognizes that securing earned media in today’s marketplace requires PR professionals to spend (and potentially waste) time creating newsworthy stories because “news stories that were of mild or moderate interest in the past are now very difficult to get placed.”
The Rise of Paid Media Strategies as a Solution for Philly-Area Businesses
As earned media opportunities dwindle, paid media emerged as an effective way for businesses to ensure their message reaches their target audience. Paid media strategies offer several advantages over traditional earned media, making it a compelling option for companies of all sizes in Philadelphia.
Leveraging the Power of Paid Media in Philadelphia
Some of the advantages paid media offers Philadelphia businesses include:
Control Over Messaging
The most significant benefit of paid media is control. Traditional resources, like newspapers, manage most narrative aspects before printing.
However, paid media allows companies to precisely craft their message as they want it to be seen, controlling essential factors such as timing, placement, and frequency.
This authority extends to brand storytelling, enabling businesses to connect with their target audience on a more personal level while building trust and credibility that can ultimately drive sales.
Expanded Reach and Precision Targeting
Paid media offers a broader reach than traditional options. With the rise of digital media and social media platforms, businesses can target specific demographics and interests with unprecedented precision.
Some online community journals, like MONTCO Today for instance, reach tens and even hundreds of thousands of Philadelphia-area business leaders, decision-makers, and residents every day, providing a targeted and engaged audience.
Cost-Effective Marketing
Successfully running a business requires paying careful attention to overall ROI on the amount of money spent on any initiative. Paid media can be more affordable and offer better value for money than traditional advertising, especially for small and medium-sized businesses.
Measurable Results and ROI
Paid media also provides measurable results. Unlike traditional news outlets, where impact can be difficult to quantify, paid media campaigns offer detailed analytics and metrics, allowing businesses to track their return on investment.
This data-driven approach enables companies to refine their marketing strategies and maximize their marketing efforts.
Positioning as an Industry Leader
Through paid content like thought leadership pieces, businesses can build brand awareness and establish themselves as a trustworthy source of information in their field.
Amplified Online Visibility
Multi-channel digital solutions across different platforms, including email newsletters, social media posts, search-optimized content, and access to news apps like Google News and NewsBreak, can extend a brand’s presence online. This amplified visibility can also encourage online reviews, social media shares, and customer testimonials.
Access to a Wider Audience
Paid media can give businesses access to audiences beyond their local area through news aggregators and other platforms. These resources can also provide guaranteed exposure to some of the most affluent and influential businesses and community leaders in the Greater Philadelphia region.
Community Focus
Paid media allows businesses to showcase how they’re positively impacting the local community, appealing to readers interested in supporting local businesses.
As Philadelphia’s media landscape evolves, businesses must adapt their marketing strategies to stay visible, relevant, and connected to potential customers. By leveraging the power of paid media, companies can overcome the challenges posed by shrinking newsrooms and increased competition for attention to thrive in the current marketplace.
Elevate Your Brand’s Voice in Philadelphia’s Competitive Marketplace
Ready to elevate your brand’s presence in the Greater Philadelphia area? At American Community Journals, we specialize in developing customized media strategies that connect you with your target audience and position your business as an industry leader.
Fill out the form below to discover how we can help amplify your brand’s voice and achieve measurable results in Philadelphia’s thriving media landscape!
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