Effect of Media Ownership on Content and marketing
The media industry is vital to informing and entertaining the general public. While the media industry offers numerous national options to the public, local media outlets are more likely than national sources to present local programming that meets the needs of residents in the market. While many firms are scrambling to capitalize on new direct-to-consumer channels, few have altered their brand narratives or content development strategies as they migrate from paying others to broadcast their content to using it for direct consumer engagement. Despite the opportunities, few companies — and even fewer of their agencies — appear to have the content, process, and procedures in place to fully profit from direct audience delivery. While the current brand-agency paradigm has been successful in exploiting search and social algorithms to distribute "brand" materials more efficiently, the efforts that have arisen from this approach have failed to deliver on three crucial elements: en...