Local news has highest Interest, value & trust of all media yet local media ratings shrinking
Overall media consumption is higher than ever but more outlets competing for attention
Not enough differentiation in local content to create demand
Successful media outlets operate with tight target focus and brand filters. Brands today as much about what it is not as what is is.
General players (i.e. broadcast TV) getting picked off at the margins (such as by cable).
Individuals are increasinly “polylocal” – distinction between national and local is eroding
Consumers seek mobility and a seamless content experience
Audiences expect a dialogue
Audiences have increased expectations.
The Consumer Need State During the Day
In the morning, audience is focused on utility & agenda setting – radio is king
In afternoon, updates, info, actionability & escape are important so the PC (Web) and mobile become important, particularly for entertainment
In the evening it’s more about entertainment & escapism, TV becomes the dominant platform.
NBC NY’s News broadcast went from 10MM viewers in 1998 to 3.7MM in 2010. By adding websites and other digital media options NBC brought total viewership up to 15MM.
NBC Targeting “local lifestyle content” – areas that have above avg interest but low satisfaction with current offerings. Targeting social capitalists.
Sorry guys I had to leave in mid-session so I missed the big finale.