Three related, clustered events constitute a trend. So, what have we here?
- February 25: Mindshare appoints a content chief
- February 27: Edelman names (a new, digital-focused) chief content officer
- February 27: Facebook announces a content strategy fellowship
- March 25: Sequoia Capital appoints a head of content
- March 26: Houghton Mifflin Harcourt names its first chief content officer
- March 27: Weber Shandwick launches a content marketing unit with 100 staffers
- April 1: Havas signs a global chief content officer
Chief content officers have been de rigeur in media companies for years. Editorial web sites, magazines, newspapers, and broadcasters have them. Even Netflix boasts a chief content officer.
What's staggering now is the alacrity with which agencies are now piling into the white-hot content marketing space. Not all of this is new, of course. Content divisions and/or practices have existed for some time at major players such as Leo Burnett, Ogilvy, and OMD. Digital shops, too, have content heads, as do (of course) the small cohort of content-only agencies.
The appointments above reveal these interesting takeaways:
Agencies that don't have content practices are scrambling to get into the game
From the appointment of an executive with "content" in his/her title to blowing out an entire new division, both ad and PR agencies realize content can no longer be ignored. Clients expect content-related services and advisory. While mileage on the revenue models varies radically, there's also heated competition on the PR and ad sides for a piece of the content pie. "We're in a dogfight with the ad agencies," is how one PR executive put it to me in a private meeting.
Content's meaning is increasingly (if not almost exclusively) digital
It's not as if Edelman didn't have a content officer before appointing Steve Rubel to the role. His predecessor, Richard Sambrook, a former BBC editor, focused on editorial development. Rubel's purview will be much broader, focusing on relationships both with digital media properties and technology vendors.
PR shops are in the media buying business
Historically, PR firms never, ever bought media. They earned it. In announcing their new content initiatives, both Weber Shandwick and Edelman have stressed that media buying and other forms of brokering will be very much part of what they do going forward. Media convergence and native advertising models make this evolution imperative.
Content is essential for startups
When one of the leading venture capital firms appoints a content head to help its portfolio companies develop and improve their blogs, social media, and video, it underscores just how essential a well-executed content strategy is to success -- or failure -- in business.
Hire-a-journalist: Will it suffice?
For the past several years, "hire a reporter" has been the mantra of companies eager to get a leg up in blogging or on social media channels. Now that content strategies are more technologically complex and digitally convoluted (converged media, native advertising, video, mobile) than "just writing," it will be interesting to see what skillsets the next crop of content hires possess.
"Global" appended to content titles
This trend will become increasingly important with holding companies and larger agencies. Brands, too, are beginning to make content hires and shuffle the org chart to accommodate content strategy and execution. One of the biggest content challenges is the one facing large, multinational enterprises that must create content for a wide range of countries, languages, territories, audiences, and products. If any single cohort relies on outside content support, it's multinationals. Holding companies possess on-the-ground global support and know that coordinated efforts can be a boon to this important new line of business.
Rebecca Lieb is an analyst, digital advertising/media, for Altimeter Group.
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