Welcome to an audio-led edition of Unmade. Today’s edition features highlights from last week’s gathering of the audio industry’s commercial players for the Heard conference in Sydney.
Also in today’s post, the Unmade Index is lifted by Ooh Media’s resurgence.
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Marketing mastery and audio nirvana
Last week saw Australia’s audio trade body, Commercial Radio & Audio invite agency executives to its Heard event.
Across the day, panels explored the emotional and rational sides of radio advertising, and put the case that radio deserves a reassessment of its place in the media mix.
Today’s podcast features two of the panels, both moderated by Unmade’s Tim Burrowes.
The first featured a conversation on understanding radio’s role within the media marketing mix. Paul Sinkinson, managing director of Analytic Partners, whose speciality is the ROI of marketing, shared details of a study the industry is conducting on whether marketers can find a price edge by investing more in brand building rather than performance activity.
He was joined by marketer Nathan James, from drinks owner William Grant & Sons, who shared the results of a brand building radio experiment featuring Hendricks gin. Lauren Joyce, chief strategy & connections officer at Australian Radio Network rounded off the panel.
The second panel focused on the trading relationship between the audio companies and media agencies, and how it needs to evolve to achieve audio nirvana.
It featured Venessa Hunt, Director of Commercial Strategy & Growth, at ARN; Olly Newton, Executive Head, LiSTNR, Commercial, SCA; Nicole Bence, Chief Commercial Officer at Nova and Ash Earnshaw, Director of Sales, Total Audio at Nine.
Tim Burrowes’ travel to Sydney and accommodation was funded by CRA
Unmade Index lifts
The Unmade Index edged upwards again on Wednesday, assisted by a third day of rises in the Ooh Media share price. Our index, which tracks the movement of Australia’s listed media and marketing companies, landed on 602.9 points, up by 0.45%.
Ooh Media is now closing on returning to a market capitalisation above $1bn for the first time in two years. Yesterday it rose another 6.7% to $978m.
Meanwhile, Nine and ARN Media, which will both update the market on their financial performances today, both sank slightly yesterday, by 0.3% and 4.3% respectively.
Time to leave you to your Thursday. We’ll be back with more tomorrow.
Editing was courtesy of Abe’s Audio, the people to talk to about voiceovers, sound design and podcast production.
Message us: letters@unmade.media
Tim Burrowes
Publisher - Unmade
Can the radio industry persuade marketers to rethink their media buying strategies?