Infographic: Why Advertise in Times Square?

Times Square isn’t just a place for confused tourists and Creepy Elmos.

From static ads to multimedia, if you want your (client’s) name in lights, it’s the place for creative shops across this great land of ours to test the waters and see what floats.

How much do those shops spend? How hard will clients break the bank? Who do they all want to attract?

Carlos Monteiro, infographics editor of iNewspaper in Portugal, collected some interesting stats to answer those riddles after the jump.

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Maxus Won NBC Universal’s $175 Million Digital Review

Thanks to this report from MediaPost, we now know that Maxus (part of the WPP’s GroupM) has been awarded NBC Universal’s domestic digital media duties after a review. The annual ad spend is reported to be near $175 million.

It was only a couple of months ago when Maxus made headlines by poaching its new North American CEO Steve Williams from his former home at PHD. Ironically, the celebratory quote in the story as become more prophetic today:

“We are confident that Steve will help us take Maxus to a new level,” said [GroupM North America CEO Kelly] Clark. “I know from competing against Steve that he can be a very potent force, so I’m delighted he’s now on our team.”

The account will be handled out of Los Angeles and New York. Maxus and GroupM officials could not be immediately reached for comment. Welcome to that new level.

New Career Opportunities Daily: The best jobs in media.

It’s a Four-Shop Race to Fill Honda’s Digital Needs

American Honda Motor Company works hard to keep up with the competition but hasn’t been quite so successful in the hybrid space. Honda’s Prius equivalent may have been called The Insight, but the company recently pitted all three major holding companies against one another in the search for a bit more of that key noun.
Other campaigns have gone viral (shout out to Michael Bolton) and, according to AdWeek, Honda spends approximately $50 million on digital advertising each year.
Now who’s competing for that money?
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New Career Opportunities Daily: The best jobs in media.

Traditional Agency Model – It’s Been Good Knowin’ Ya!

mad_men-showI love the TV show “MadMen,” mostly because it’s a reminder of a quaint time in the history of our industry – big accounts, big egos, and big paychecks. Of course, at that time, advertising was limited to print and radio, as well as the “new” medium of TV.

Flash forward nearly 60 years to 2009. Magazines and newspapers are folding left and right, radio seems to have a limited shelf life, and TV is too expensive for many potential advertisers. While agencies like the fictional Sterling Cooper still exist, they’re working to hold their own against relative upstarts – the small boutique agencies that specialize in digital and social media. What would Don Draper do – get a Twitter account and attend PodCamp instead of chasing secretaries and boozing?

Traditional agencies are downsizing – many have considerably smaller employee rosters and account lists – while smaller agencies are flourishing due to the focus of specialists such as brand evangelists, social anthropologists, and relationship managers. Their primary methodologies engage the consumer through digital, mobile, and direct mail, then supplement campaigns with broadcast, print, out-of-home, and outdoor.  These small shops seem to get it as they can implement a specialized yet multi-faceted approach for clients.  Think of it as one-stop-shopping and the agencies that can’t keep up with the so-called little guys are folding quickly.

So what does this mean to traditional agencies? Is it the end of the line for them? Or can they peacefully co-exist with this new agency hybrid?

Sara Barton is a copywriter, social media strategist, and avid blogger who is in search of her next opportunity. Contact her via Twitter, LinkedIn, or her blog.