Tag Archives: ESPN

Current TV’S Olbermann Hire is a Game-Changer

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Current TV hits a home run with Olbermann.

There’s no doubt in my mind that Current TV will become more successful with the hire of left-wing political journalist Keith Olbermann. This type of business move, bringing a large brand or entity to a smaller one, is a tried and true formula that has worked for a number of similar situations and companies.

BIG FISH IN SMALL POND WORKS

Television and cable networks have employed this philosophy numerous times to raise ratings and profiles and to gain subscribers. That’s why NBC invests in the Olympics. CBS, FOX and ESPN the NFL.  ABC and the Academy Awards.  NBC with the Golden Globes.  Exclusive events such as these always draw massive crowds (i.e., Super Bowl 45 broke ratings records as the most-watched television program of all time, averaging 111 million viewers on the Fox network..)

The above are franchises, but this also applies to people with big profiles and followings.  CBS News lured Katie Couric to its network.  TBS nabbed Conan O’Brien.  And now Keith Olbermann switches to Current TV.  These transaction occurred for the same reason – to increase subscribers and ratings. This exchange also is reminiscent of when Howard Stern jumped from traditional radio to satellite.  Sometimes this big-to-small ploy does not work.  But, in this case, it makes total sense.  It’s like putting a lemon in water. One enhances the taste of the other.  Whereas, while Olbermann was at MSNBC, his views and MSNBC’s views became more like oil and water.  The two just separate.

PREDICTIONS

Will Olbermann bring more viewers to Current TV? Yes.

Will the audience stay with him? Yes and No. It all depends on the quality of the content.

Will Olbermann have more freedom to express his views? Definitely yes.

Will Current TV provide Olbermann with a platform to express his big ideas without corporate pressure? Yes.

Olbermann will make Current TV exciting and as such, this move is a real game changer that the network desperately needed.

This was a great strategic business move by both parties.

I can hardly wait until the Spring.

Twitter is the New Wire Service

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Tiger Woods learned about his Ryder Cup standing via twitter.

This morning while I was working out ESPN reported that Ryder Cup Captain Corey Pavin denied that Tiger Woods was getting one of the four wild card spots on this year’s 2010 U.S. Team.  Pavin further went on to say that the official announcement will be made September 7.

OK, you may be saying, big deal, Cindy – this is just an another announcement.  But, it wasn’t. This story broke on twitter. Yes, the Ryder Cup Captain held his own presser (press conference) via twitter. He controlled the news by breaking it –which led me to think about how different the present PR practices are from the past.

In the past, news was usually broken by a scheduled press conference. But, today, celebrities/politicians and those in the public eye are taking matters in their own hands.  No longer do these public figures need to rely on an establishment or a PR firm to announce their latest endeavors.  Now, they can just tweet it and the results are just as effective as a press conference.  Heck, besides messages, you can tweet out images, videos and power point slides too. twitter does it all.

So the question really is …are press conferences things of the past? The answer to that is definitely no.  However, they are not as prevalent or necessary as say last year.  Not only is this sad news for PR agencies, but for the news media.  I mean – how in the world is the news media going to monitor every one’s twitter account? You need a mighty big tweet deck to do that to catch breaking news.

Ryder Cup Captain Corey Pavin's tweet

However, if we unravel how Pavin was able to get the word out successfully today (@RC_Captain_2010), I’m sure that among his nearly 7,000  twitter followers, some of those folks were members of the golf media.  Thus, they must have seen it and retweeted and reported it. With one little 140 character message, Corey Pavin broke news in less than a minute and then went about his day. There was no need to set aside a block of time to phone the sports media.  All it took was a one short message to get the message out. I personally think this is marvelous.

This was a great case study and it’s only the start.  I think the journalists of the future will have large monitors on their desks and be assigned certain people to follow on twitter. I can only see this area growing…twitter has now become the new wire service.