The legacy television advertising media industry has been disrupted by the advance of YouTube, TikTok and social media; streaming video; procurement-led buyer/seller disintermediation; commerce media expansion by Amazon, Walmart, Kroger and other retailers; and the collapse of traditional trade communications and networking events as effective business-building tools. Demand for advertising inventory exceeded supply from its earliest days of local newspaper publishing to the heyday of network television in the 1990s. Advertising sales and marketing evolved as a relationship-dependent business, requiring minimal B2B marketing investments, and fostering a non-diverse workforce built on nepotism and requiring little ongoing education. Today, industry realities have dramatically shifted, with continuing transformation on the near and far-term horizon.
Studies published by the Harvard Business School, Kelley School of Business and MediaVillage prove that the essential core ingredients for industry and corporate growth are investments in a diverse workforce and on-demand educational resources for both team and customer development. Recognizing their historic underperformance in education and diversity, the media industry has invested more than $20 million in MediaVillage over the past two decades to develop and integrate five educational and diversity applications into a structured and turn-key B2B marketing and workforce education platform:
MediaVillage has developed, organized and integrated these applications into a technology-enabled managed services platform. MediaVillage future-proofs our members' business growth by empowering companies to exert greater control, flexibility, and transparency over their B2B education and diversity efforts.
Funded through non-profit contributions and The Myers Report research subscriptions, these applications empower businesses to drive growth by more effectively and efficiently breaking down organizational silos and building connections across their rapidly changing B2B ecosystem. MediaVillage solutions have been proven successful within the media industry and are positioned for exponential growth both within the media, marketing, entertainment and advertising community and through expansion to multiple business categories.
At the May 19-22 Media Financial Management Conference, being held at the Hyatt Regency Jacksonville, Sonia David of the ANA, Ashwini Karandikar of the 4As, and Matt Young of Vidmob will join moderator Jack Myers to discuss industry issues and collaboration among financial professionals across the marketing ecosystem. Learn more here.