Storied New York ad shop Korey Kay & Partners is closing, according to sources. The agency was founded more than 30 years ago by Lois Korey and Allen Kay, after both tired of toiling at
big ad shops like McCann Erickson and Needham Harper & Steers. Over the years the company had clients including Honda, Wynn Resorts and the Metropolitan Transit Authority, among many others. The
agency was known for its iconic catch phrase “If You See Something, Say Something,” which it created after 9-11 for the MTA, a 22-year client, which left earlier this year. Famous alumni
include both Jon Bond and Richard Kirshenbaum, who went on to form Kirshenbaum Bond + Partners. Korey, who began her career in TV writing for stars like Ernie Kovacs and George Gobel, died in
1990. Kay could not be reached for comment on the closing.
Peter Sherman has joined Omnicom as executive vice president. In his new role, Sherman will report directly to John Wren on a series of initiatives that include driving innovation and collaboration across the holding company's client portfolio. Sherman is joining Omnicom from JWT, where he served as CEO, North America. In that role he was responsible for driving the overall strategic direction and creative reputation of the region, while managing client relationships. Sherman joined JWT in June 2013 as CEO of its New York office and was promoted to CEO, North America, in December 2013. During his time at JWT, the agency had several key client wins. Prior to joining JWT, Sherman was EVP, managing director of BBDO Europe, where he led 35 BBDO offices in 18 countries across the European region. While he was in Europe, those offices experienced consistent year-on-year growth, won multiple pan-European pitches, and BBDO was named the most creative network in Europe for the first time.
So Advertising Week Europe is happening this week. Two big topics emerging from the conclave of adverati are programmatic buying and branded content. While some believe each is on its own course, Advertising Week Europe Co-Producer Kathleen Saxton thinks differently. “Once the content has been crafted, you need to look at what all the different iterations will be, and how to get them to fit together across the different media. This is where real-time bidding will come in. We’re sort of in beta phase at the moment, but it’s something the industry will get better at over time," says Saxton. Programmatic content marketing? Now if only we can get computers to create content for us. Oh, wait.
Sadly, Arnold Worldwide has had to let go about 20 staffers across the agency's Boston and New York offices. Reasons given for the layoffs are at best nebulous, citing the need to re-engineer, adjust the talent mix and focus more on content creation. Okay -- that last part actually makes sense. But it's still troubling. Over the past couple of months, tips of layoffs have trickled in from various agencies. Just a blip or are we headed for another recession? Ad agencies are always a leading indicator of a recession.
David Murdico, creative director and managing partner of Supercool Creative Agency puts forth a solid argument as to why startups should pay agencies more than brands do for the same work.
First of all, he notes a startup is an unknown entity and no one has ever heard of it before making it all the more difficult to create the necessary marketing program to achieve awareness and sale. He notes startups are generally more demanding than established brand marketers, often times because so much is at stake.
Perhaps the biggest problem area when it comes to crafting marketing for a startup is that up until the point the startup reached out to an agency, everything about the startup has, thus far, operated in an echo chamber with scant few nodding and bobbing their heads in agreement without truly vetting the idea or how the idea will be perceived in the real world.
Another challenge when working with a startup? They tend to change their mind a lot about, well, everything. And that can be a gigantic time suck. Check out Murdico's entire list here and file it away in your back pocket for use the next time you consider working with a startup.
This is gold! Gold, I tell you! And it's arrived just in time. As we all mourn the loss of our beloved Mad Men characters, they have been given renewed life, in the form of a Tumblr blog, as
digital natives spewing all the usual buzzword bingo that's so prevalent in today's marketing landscape.
Taking on the form of animated gifs, we have Don informing his secretary: "The future of advertising is socially integrated digital platforms." We have Peggy commending a co-worker saying: "Nice branded social post, bro." We have Don asking Peggy: "But does it work as a pre-roll." We have Don reacting to a proposed "Tinder-powered drone." We have Pete telling Don: "The CTRs need optimizing for behavioral targeting of Millennials."
And on and on and on. Brilliance.
Oh for f*ck's sake! Stop. Just please stop! Every ridiculous addition to the CxO title space just dumbs down the importance of the core four: CEO, CFO, COO and CIO. Maybe you can add CMO and CCO to
that list -- but chief data officer? Chief customer officer? And now...wait for it...chief native officer?
Yeah. Chief native officer. Or at least that's what Forbes Contributor Daniel Newman would like to see instituted. Newman argues that the merging of paid and earned media requires this CxO style oversight.
He furthers his point, writing: "The biggest reason to get a Native Officer is that while digital agencies and publishers work together, they don’t necessarily do so as a team. In fact, there are instances where they don’t see eye to eye. While publishers are great at creating content, they can treat branded content like a 'second-class citizen.' On the other hand, digital agencies consider themselves star content creators for brands. In such circumstances, there’s a pressing need for a 'dedicated task force' to exploit native ads to their fullest potential. The CNO should lead this pack, guiding the brand towards rewarding native advertising campaigns and best practices."
So what say you? Do we need the chief native officer?
Sort of like food brands still pimping low fat/no fat products when studies clearly indicate the human body needs fat, the office management world is still pimping open office space when many studies have shown it's a less productive solution than
more traditional office space.
That's not stopping the latest trend in office space, the Superwide. Superwide office space is large, one floor office space consisting of 100,000 square feet or more. Of the trend, Brookfield Property Partners Senior VP Duncan McCuaig said: “Large floors are absolutely in demand.” And “right now there is very little of this product in the city,” he added, referring to Manhattan.
Adam Kansler, managing director at financial data company Markit, loves the open office concept and says: “There’s something that gets lost” when a company is on multiple floors. You don’t get the same random moments of seeing someone from across the way, hearing that they’re working on a project, and saying, ‘Oh, I’m going to stop by.’ ”