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Opinion
The keyboard warrior of Twitter
In this guest post, NBN staffer Scott Rhodie writes an unofficial, personal view on his experience with a hostile Twitter critic.Last night I had a strange incident. While on Twitter I noticed someone saying that Australia’s NBN is already outdated. I wrote a small note back explaining they were incorrect.
And their response? The lovely gentleman (whose Twitter profile says: ‘Father of 5 kids, Loving Grandfather of 10 Grandchildren,and 2 Great Granddaughters. love to give heaps to Pollies and Poofters’) said to me: “Go and lick Gillards C*** out U commie Prick”
What's in a name?
In this guest post, Moensie Rossier wonders about the power of names for brands and marketers.
Brands have been having a bit of fun with names lately, not to mention a fair bit of success. Interbrand just named a headhunting firm Cloak & Dagger. And ‘Share a Coke’ showed how much power there is in a name.
The Coke campaign effectively short-circuited the usual mechanics of communication. It undoubtedly stroked people’s egos. But, I believe, its success stems from the fact that it directly and automatically affected people’s behaviour, rather than doing so indirectly by shaping attitudes.
Best ads from Super Bowl 2012
The Super Bowl is all done and a team from North America won. But as well as some sort of sporting event, it’s the world’s biggest advertising showcase. See the best of them right here… and please tell us what you think.
How to debunk media myths
In this post, UWS’s Ullrich Ecker, John Cook and Stephen Lewandowsky argue that cognitive science can help PRs form strategies in managing media misreporting.
A growing cohort of commentators has bemoaned the descent of contemporary political “debate” into a largely fact-free zone.
How about simply focusing on what consumers want?
In this guest post, Peter Mountford argues that brands should think more about what is really going on for consumers
Who here is hoping their favourite brand of toilet paper is going to be organizing a flash mob on their way home from work today?
What the Optus web copyright victory means
In this analysis first published on The Conversation, RMIT’s Marita Shelly examines the implications of Telstra’s defeat over the online rights to the AFL broadcast deal
This week’s Federal Court ruling that Optus customers are able to view sporting matches minutes after they are streamed live without breaching copyright is a landmark decision that alters our understanding of copyright law, and has significant implications for the AFL’s broadcasting rights deal.
Does Gina Rinehart’s bite of a chunk of Fairfax make her an oligarch?
In an article that first appeared in The Conversation, Mark Rolfe wonders whether the mining magnate’s move could turn Fairfax into something resembling America’s Fox network.
Australia’s richest person Gina Rinehart has moved to increase her stake in Fairfax Media, owner of The Age, Sydney Morning Herald and a number of radio stations. Rinehart has already shown her desire to play a role in public life, campaigning against former Prime Minister Kevin Rudd’s aborted mining tax. She has also demonstrated a willingness to make media investments to ensure her pro-business worldview is promulgated.
What does this latest move by Rinehart mean?
Gillard's Australia Day crisis
PM Julia Gillard’s media adviser Tony Hodges has been forced to resign over the Australia Day tent embassy debacle.
It came after it emerged he had revealed opposition leader Tony Abbott’s whereabouts, leading to both politicians being rescued by police in ugly scenes.
Mumbrella editor Tim Burrowes and advertising practitioner Jane Caro debate the topic on Weekend Sunrise’s masters of Spin segment:
The biggest cock-up I made in business
In this guest post, Chris Savage urges agency staff to live the brand.I still shudder when I think about how incredibly stupid I was when I made the biggest stuff up of my career. And then, 18 years later, I did it again. Do not make this mistake with your clients. Ever.
Hey Groupon. Thanks for fucking up email
In this guest post, Daniel Monheit warns that group deal overload is devaluing email marketingEmail marketing used to be fabulous. Back in the heady days of 2010, brands would work hard to build up well qualified databases, upon which they’d bestow carefully crafted correspondence filled with information, offers and incentives. The recipients, of course would be delighted: “Oh look! An email! From one of my favourite brands! And it’s 40 cents off at Woolies this week!”.
The staggering sway of Harold Mitchell
The Power Index today names Aegis Media chairman Harold Mitchell as the most powerful person in Melbourne. Andrew Crook profiles him.
Harold Mitchell takes pride in dispensing with the niceties. When The Power Index visited his South Melbourne private office before Christmas, fresh remains were scattered all over the boardroom table.
Share a Coke with… the moronic masses
The most-read story on Mumbrella last year, with not far off 100,000 page views, was a fairly humdrum yarn about the launch of Coca-Cola’s name-on-a-bottle campaign.The headline, “Coca-Cola puts people’s names on bottles in ‘Share a Coke’ campaign”, though hated by any self-respecting sub-editor, was loved by Google. And in rushed what can be politely described as the public.
Assumptions kill creativity
In this guest post, Gual Barwell disagrees that the sales success of the Old Spice social media campaign was overstated.Yesterday’s post from Cathie McGinn suggested the Old Spice campaign failed to connect with consumers. Based on the facts and figures, I disagree.
What Old Spice and Wieden + Kennedy has done and done phenomenally well is to create a franchise.
The SMH's readers (are wrong) editor
We are now about five months into the reign of Australia’s first readers’ editor. And I don’t think it is working.
It struck me at the time of Judy Prisk’s appointment to the Sydney Morning Herald that the fact that her boss was editor-in-chief Peter Fray was not going to be ideal if she was going to be the independent voice of the reader.
The emperor's new fragrance: Old Spice’s campaign failure
In this guest post, Cathie McGinn slays a sacred cow of 21st century marketing – the highly awarded Old Spice campaign.One of the biggest myths of recent times (by which I mean a story of great heroism and triumph we’d all like to believe but deep down know to be untrue) is the Old Spice social media campaign. It’s been much lauded and awarded as an example of outstanding content, a creative and collaborative way of connecting with consumers and driving a record increase in sales.
Photon Group confirms $87.5m loss
Photon Group has moved from a reported profit of $38m last year to a loss of $87.5m for the 2010 financial year, the company has announced.
Setting aside one-off costs, the company’s EBITDA (earnings before interest tax depreciation and amortisation) profits fell from $89.3m to $46.7m.
Much of yesterday’s announcement had already been flagged up in market updates.
Photon’s shares have fallen around 30% since last Wednesday when they briefly rallied to 14c. They are now trading at just below 10c. Before the company left the ASX for the fund raising its share price had been above $1.
Photon owns some of Australia’s best known agencies including BWM, BMF and Naked Communications. It ran into trouble when it became apparent that it would struggle to pay the full earnout payments to the founders of the agencies it had bought. It led to the departure of founder Tim Hughes.
The company is currently in the final stages of a recapitalisation.
Photon said the drop was “primarily driven by the decline of the Internet and Ecommerce division.” Its international internet division fell from an EBITDA profit of $19.7m to a loss of $6.5m.
However, Photon’s figures show that every division did worse than in the previous financial year. Australian field marketing fell from an EBITDA profit of $25m to $19.3m. Australian agencies fell slightly from $28.9m to $28.1m and international agencies fell from $24.6m to $24.3m.
The company’s profit margins fell from 20.3% to 12.3%
Dr Mumbo
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Comments
24 Aug 10
4:32 pm
this is a record loss for any oz advertising/marketing services group. $1.68 million lost every week for 52 weeks. they had an MD, a CFO and and a Chairman and none of them knew???? where’s the rope?
24 Aug 10
7:01 pm
This is what happens when people place the digital hat on when it does not quite fit. If you don’t understand the beast seek people that do with out the ego cargo.
25 Aug 10
8:11 am
$87M loss Vs nearly a Billion dollar profit in the article above – makes that Photon “end of year video” poking fun at Sir Martin look a little silly now…..
25 Aug 10
10:06 am
I find these news from Mumbrella are usually very short and misleading. Mumbrella take bits and pieces from the facts and make it sound like that’s the entire true.
Photon did reported $87.5 loss, but we need to keep in mind $87.5 million are from ‘impairment of intangible assets’. The rest is from Photon’s internet & Ecommerce division together with restructuring of Photon and its companies (One of Cost).
25 Aug 10
10:41 am
Impairment of intangible assets means money spent on things that don’t really have any value being written off.
Don’t fool yourself: an intangible asset write down is simply the accounts catching up with the cash that’s been spent, or committed, previously.
I suppose you think the sub prime crisis was a bit of bad luck and loss of confidence, also?
25 Aug 10
11:02 am
@ Anon
Cost for ‘Impairment of intangible assets’ includes a portion of from the lost of Internet and e-commerce division, and most of it is from lost of Goodwill. First it was Geekversity, then it was Photon been suspended from ASX, then capital raising. It’s not surprising that Photon’s goodwill have gone down this year.
The SubPrime crisis are not due to bad luck, but it is due to lost of confident because of bad cash management and bad acquisition.
Photon reported a shit load of negatives this year, but keep in most if not all of their current business is still profitable. Their current state is far from what Mumbrella continue to imply.
25 Aug 10
11:53 am
Hi Some Dude,
I do feel some sympathy for the current management with this round of reporting (which is a giant leap backwards on the previous period in every conceivable metric) because I suspect their reported numbers this time are less, um, optimistic in the areas that were, shall we say, open to interpretation, than Photon’s previous reporting stance.
By comparing a now realistic reporting stance to an arguably over-rosy stance, then yes, the numbers are going to be particularly dreadful this time round.
And if you take out all the worst things then yes, the numbers are better. Just like if you take out all the goals scored against my football team last week, we actually won. Unfortunately that’s not how it actually works. Those bad things did actually happen. Geekversity was a get-rich-on-the-internet scheme that went wrong. Investment goodwill in the company has really been dented.
You seem to be suggesting that the comparison should not be made, simply because the previous management isn’t there any more. Assuming (and I think it probably will) the management gets through this, then they’ll benefit from those same comparisons in a year’s time.
Cheers,
Tim – Mumbrella
Cheers,
Tim – Mumbrella
25 Aug 10
1:55 pm
Tim,
My point been, when people read this article, all they hear is Photon made $38 million last year, and made a lost of $87.5 million this year. And the underlining message that people get from reading news like this is, “Oh this company is making a shit load of lost! It’s got no hope! Don’t invest in them! Run as far from them as possible!”
One thing I forgot to mentioned before, is that in the last paragraph of this article, you mentioned that each of Photon’s new division is making a lost, but you didn’t mentioned that 2 out of those 3 divisions contain companies from Photon’s previous Internet & Ecommerce division.
As far as giving a reader’s opinion goes, I will say, this article is very misleading in every possible way.
25 Aug 10
2:52 pm
In that case, I suggest you read the last paragraph again. I didn’t say that every division made a loss (or “a lost”) – they didn’t. I said that every division did worse than last year, which is correct.
Cheers,
Tim – Mumbrella
1 Sep 10
9:31 pm
Photon will scale back to a handful of businesses and become a shadow of its former self. The business was run by muppets. Jeremy has a lot of cleaning to do.