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Measuring the Real Value of Media Coverage

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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Measuring against AVE’s is an outdated and inaccurate assessment of an article’s value for several reasons – not the least of which is the existence of digital-only publications and the fact that 50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.

Running a PR Agency – Big or Small, Challenges Remain the Same

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Last week I was fortunate enough to be invited to the Council of PR Firms‘ Boston roundtable, to discuss industry and agency issues with fellow Boston agency leaders. This was my second time attending this annual event, and I again came away inspired, energized, reassured and enthusiastic. The folks I was lucky enough to sit around the “asylum white” Board room with at Weber Shandwick included agency leaders in executive management, HR and business development from large, global firms such as Porter Novelli, Weber and Fleishman-Hillard, to midsize and smaller agencies such as CHEN PR and March Public Relations. In all, there were about 20 of us who talked about what’s looking up in the PR industry, how PR has evolved since the advent of social and digital media, HR and recruitment challenges, the integration of advertising, digital, social, mobile and video into PR campaigns and much more. We spent a great deal of time talking about measurement – what clients want, how we provide it and what tools and strategies we are using to get there.

The thing that I always find most interesting about meeting with my industry colleagues – some of them even competitors – is that we all face similar issues. Large or small, focused on tech or healthcare or consumer PR – the agency challenges are always along the same lines. As the owner of one of the smaller agencies, I love to hear that we are successfully navigating the same issues that agencies of any size do – how to motivate staff, how to identify and hire the right people for our culture, how to juggle client demands with realistic budgets. It reminds me that sometimes getting together with your “frenemies,” as I like to call them, benefits everyone. Here are some of the issues that resonated across the board:

Recruiting. Currently, the biggest challenge is finding social and digital experts who understand communications strategy and PR. It’s easy to find one or the other, but the combination of both is valuable and rare. PR folks –that’s an open invitation to you to hone your social and digital skills and surpass those “social media experts” for jobs that require knowing more than how to Tweet. What’s the real value in using these tools in a strategic communications campaign?

HR. One of the big issues on the table was telecommuting and virtual work. I am obviously – as an owner of one of the first and most successful virtual agencies – fortunate to not have to deal with a traditional office environment where executive staff is trying to figure out how to provide the opportunity for employees to work from home some of the time. That balancing act can get tricky – providing the perk without it getting out of control, managing expectations between management and staff and still keeping employees motivated and happy. Almost every agency provides the opportunity to work from home some of the time for some of their employees, but much was discussed about how this affects training of junior staff, expectations from clients, and the overall culture. Apparently the new wave of workers expects this perk, so agencies are navigating their way and trying some interesting combinations of integrating virtual work with traditional office environments. Other topics on the HR front were how to manage employee demands for more and better perks, investment in training and opportunities for growth from within, as well as the return of bloated salary requests. We were all enthusiastic about joining an HR roundtable next to continue to inform one another and discuss these issues – helping to keep the industry in check.

Client Expectations. This is always a topic of discussion and I was glad to hear that budgets all around are returning to a more realistic level to align with the results desired by clients. Remember, you really do get what you pay for in PR. You can’t expect to saturate the market if you don’t put the proper investment behind that (money, time and executive commitment and belief). Remember what Bill Gates allegedly said about his last dollar…

Measurement and Proof of Value. Speaking of client expectations, the burden of proof of reaching those expectations continues to drive discussions within all agencies. We talked about using tools such as Radian 6 and (our PerkettPR client) uberVU. We discussed the value of measuring how our promotions are driving traffic, sales leads, brand awareness and more – but the challenge remains to find the exact best way to do this. There is no PR industry standard and furthermore, clients don’t want to pay extra for it. The burden of proof is on PR firms – and how the different agencies handle that is all over the place. (On a self promotional note, our agency is working on a tool that fellow firms will definitely find of value – stay tuned for our launch this Fall.)

Competition. A great deal of discussion was spent on how PR agencies are taking business not from each other, but from other entities such as advertising agencies, digital houses and even the new found “social media” agencies. The common belief – and trend we’re all seeing – is that the shiny new ball syndrome of hiring an entire agency to execute social media is quickly fading. Social media is simply a new set of tools, not an enlightenment of communications strategy for newbie professionals who have never dealt with brand strategy, corporate crisis and more. The competitive landscape is wider, but PR is holding its own, as effective communications that illicit the proper actions continues to be key. Also hot for PR agencies is adding staff for mobile, digital and video content. Most agencies are moving from outsourcing this type of position to owning it in-house with a dedicated team or position.

I do believe there were a few laughs when I mentioned that the telephone has been around for quite a while, but it certainly doesn’t make everyone good at communicating. It’s true – and neither do social media tools. This is why the PR industry is not dying. We’re thriving – and our 2012 budgets and client rosters continue to reflect that truth. I can’t wait to see what 2013 brings to us as an industry.

If you’re a PR executive or agency, what trends are you seeing in the above areas? How are you navigating the changes discussed (or the traditional issues we all still face)?

Thanks to Weber for hosting, and to Matthew Soriano and the Council for including me. And of course, to my industry colleagues for participating. It’s always a pleasure learning from you all.

PS Head on over to the Council’s website for more industry stats, insights and information! It’s  a great resource.

Persuasive Picks for the week of 10/05/09

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What Do Clients Want Now? Six Top Companies from Tech to Travel Reveal the Biggest Opportunities for PR Firm Work in 2010
Brian Pittman from The Bulldog Reporter contributed this guest post to The Firm Voice, sharing perspectives from 6 top company execs including what they are now looking from their agencies in the upcoming year.

Rubbermaid Social Media Effort Thinks Inside the Container
Douglas Quenqua provides an interesting overview of Rubbermaid’s recent social marketing campaign that was the company’s first experience with “paid” social media.

The tacky techie conundrum
Seth Godin offers food for thought for marketers launching new technologies, hoping to gain the acceptance from the “top-right” demographic.

Integrating Social Into Traditional: 10 Tips For A Remarkable Blogger Event
Christine Whittemore provides some practical advice of what to do and not do when planning a launching for your own blogger-centric event.

It’s people not tools that matter
While its easy to be drawn towards all the fancy free tools for social media and PR measurement that keep popping up each month, KD Paine reminds us that only real human beings can help provide proper measurement in areas like reputation, relationships, brand health and brand strength.