The CEO of digital advertising’s biggest trade group says most big marketers are screwed unless they completely change their business models

Mike Shields, provided by Published 11:30 am, Monday, February 12, 2018 Vadim Sadovski/Shutterstock Big marketers are facing a crisis, according to Randall Rothenberg, president and CEO of the Interactive Advertising Bureau. Small and mid-sized brands, driven by data and digital marketing, are throttling growth for nearly every major consumer category. Giants like Procter & Gamble and Unilever once had huge advantages in owning their own supply chains and shelf space in national retailers. Now those advantages are liabilities. These companies need to shift their models to direct-to-consumer businesses ASAP or risk being disrupted. Traditional media companies also need to adapt quickly to this new reality or they'll get left behind. Local Channel Now Playing: Now Playing Raw video: Man stabbed in the chest during fight at a South Side hangout 21 Pro Video Raw Video: Fatal wreck on Northwest Side 21 Pro Video SAPD: Multiple injured after River Walk bar fight spills into street San Antonio Express-News Listen: Recorded Uresti interview played at federal trial San Antonio Express-News Driver smashes into H-E-B truck San Antonio Express-News 10 of the Most Scenic Places in Texas PopularMechanics O'Connor soccer Terrence Thomas/San Antonio Express News 10 of the Most Scenic Places in Texas PopularMechanics Cat jailbreaks dogs San Antonio Express-News 3 masked suspects slay teen in revenge shooting, police say San Antonio Express-News In a nutshell, traditional marketers are screwed. And traditional media companies aren't much better off. It's all Warby Parker's fault. These are just some of the stark takeaways being presented by Randall Rothenberg, CEO and president of the Interactive Advertising Bureau, which is hosting its annual leadership event this week in Palm Springs, California. Rothenberg plans to warn attendees that the marketing and media industries are in the midst of tectonic change, the likes of Continue Reading

Starbucks Corporation (SBUX) Q1 2018 Earnings Conference Call Transcript

Image source: The Motley Fool. Starbucks Coffee Company (NASDAQ: SBUX) Q1 2018 Earnings Conference Call Jan. 25, 2018, 5:00 p.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Good afternoon. My name is Chris and I will be your conference operator today. At this time, I would like to welcome everyone to Starbucks Coffee Company's First Quarter Fiscal Year 2018 Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer session. If you'd like to ask a question during this time, simply press * then number 1 on your telephone keypad. If you would like to withdraw your question, press the # key. I will now turn the call over to Tom Shaw, Vice President, Investor Relations. Mr. Shaw, you may begin your conference. Tom Shaw -- Vice President of Investor Relations Good afternoon, everyone, and thanks for joining us today to discuss our first quarter results for Fiscal 2018. Today's discussion will be led by Kevin Johnson, President and Chief Executive Officer; and Scott Maw, Chief Financial Officer. For Q&A, we'll be joined by Roz Brewer, Group President Americas; and Chief Operating Officer; Cliff Burrows, Group President Siren Retail; John Culver, Group President, International and Channels; Matt Ryan, Global Chief Strategy Officer; and, dialing in from Milan, Howard Schultz, Executive Chairman. This conference call will include forward-looking statements, which are subject to various risks and uncertainties that could our actual results to differ materially from these statements. Any such statements should be considered in conjunction with cautionary statements in our Earnings Release and Risk Factors Discussions in our filings with the SEC, including our last annual report on Form 10K. Starbucks assumes no obligation to update any of these forward-looking statements or information. 10 Continue Reading

Acuity Brands (AYI) Q1 2018 Earnings Conference Call Transcript

Image source: The Motley Fool. Acuity Brands (NYSE: AYI) Q1 2018 Earnings Conference Call Jan. 9, 2018 10:00 a.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Good morning and welcome to Acuity Brands' Fiscal 2018 First-Quarter Financial Conference Call. After today's presentation, there will be a formal question-and-answer session. To ask a question, press *1 and record your name. Today's conference is being recorded. If you have any objections, please disconnect at this time. Now, I would like to introduce Mr. Dan Smith, senior vice president, treasurer, and secretary. Sir, you may begin. Dan Smith -- Senior Vice President, Treasurer, and Secretary Thank you and good morning. With me today to discuss our fiscal 2018 first-quarter results are Vern Nagel, our chairman, president, and chief executive officer, and Ricky Reece, our executive vice president and chief financial officer. We are webcasting today's conference call on our website at I would like to remind everyone that during this call we may make projections or forward-looking statements regarding future events or future financial performance of the company. Such statements involve risks and uncertainties such that actual results may differ materially. Please refer to our most recent 10-K and 10-Q SEC filings in today's press release, which identify important factors that could cause actual results to differ materially from those contained in our projections or forward-looking statements. Now, let me turn this call over to Vern Nagel. 10 stocks we like better than Acuity Brands When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now… and Acuity Brands wasn't Continue Reading

How eHarmony Stays Relevant In The Age of Tinder And Match Group

LOS ANGELES — Startups are known for their pivots, but some stick to their principles, even in the face of generational and technological change. Take, for example, eHarmony: “It was a group of people who said, ‘We know how to do this one thing. If the world is not interested in this one thing. We will go out of business,’ ” Grant Langston, eHarmony’s vice president of brand marketing, told International Business Times inside eHarmony's new headquarters in the Westwood neighborhood of Los Angeles. That “one thing” was match people for serious relationships online with a lofty goal to achieve marriages and drive divorce rates down. When the founders pitched the idea in the early 2000s, people would laugh. At that time, the online dating industry was primarily for “having sex very quickly with someone you don’t know very well,” Langston said. If you wanted a relationship, you went to family, friends or perhaps church. But 16 years later, eHarmony is one of the leaders with an estimated 11.9 percent of the $2.4 billion online dating industry, according to IBISWorld. However, it is David to the Goliath of the publicly traded Match Group, the behemoth that owns, PlentyOfFish, OkCupid and only recently, a mobile app that has turned that dating world upside down, Tinder.  Match Group’s sites garner the highest traffic in the online dating industry. Photo: Data from comScore Nov. 15, graph by Mark Brooks The brand is also extending beyond the dating world. Next month, eHarmony launches Elevated Careers, a shot at matchmaking for the job market. It may not be the last expansion. “Every problem that seems to result in poorly matched people, we want to be there,” Langston said. Back in the early days, there was talk of acquisition from Match Group, but eHarmony chose independence, and it still is. Instead of being under the Continue Reading

‘Mother!’ director Darren Aronofsky added as SXSW Film keynote

“Mother!” director Darren Aronofsky is the latest film-track keynote speaker for the 2018 South by Southwest Conference and Festivals, which will take place  March 9-18, 2018. Darren Aronofsky promotes his film "Mother!" at the 2017 Toronto International Film Festival last month. Emma McIntyre/Getty Images for Paramount Pictures Emma McIntyre/(Credit too long, see caption) "A provocative, and virtuoso filmmaker, we’re thrilled to host Darren Aronofsky as one of SXSW Film’s 2018 Keynotes,” SXSW Film director Janet Pierson said Tuesday. “He’s been an original since his first independent work, and we know it will be a blast for our passionate SXSW audiences to hear his story.”  “Mother!” stars Jennifer Lawrence and Javier Bardem. Many critics, including our Charles Ealy, praised the allegorical film, though audiences haven’t been quite as enamored with it. Aronofsky also directed “Black Swan,” “The Wrestler” and “Noah,” among other films, and produced “Jackie.” Luvvie Ajayi attends the Ms. Foundation for Women 2015 Gloria Awards at the Pierre Hotel in New York on May 11, 2015. (Clint Spaulding/Patrick McMullan Co./Sipa USA/TNS) HANDOUT/TNS Other SXSW speakers announced Tuesday:    Luvvie Ajayi (Social Impact) - Luvvie Ajayi is a New York Times best-selling author, speaker and digital strategist who thrives at the intersection of comedy, technology and activism. She is the voice behind Awesomely Luvvie, a widely-respected humor blog that covers everything pop culture – from TV, movies and technology to travel, race and life’s random adventures.   Steve Ballmer (Startup & Tech Sectors) - Steve Ballmer is co-founder of Ballmer Group and owner of the Los Angeles Clippers. Ballmer retired as Chief Executive Officer of Microsoft in 2014 after leading the company for nearly 14 years. He remains a Continue Reading

Estonia, the Digital Republic

Audio: Listen to this story. To hear more feature stories, download the Audm app for your iPhone. Up the Estonian coast, a five-lane highway bends with the path of the sea, then breaks inland, leaving cars to follow a thin road toward the houses at the water’s edge. There is a gated community here, but it is not the usual kind. The gate is low—a picket fence—as if to prevent the dunes from riding up into the street. The entrance is blocked by a railroad-crossing arm, not so much to keep out strangers as to make sure they come with intent. Beyond the gate, there is a schoolhouse, and a few homes line a narrow drive. From Tallinn, Estonia’s capital, you arrive dazed: trees trace the highway, and the cars go fast, as if to get in front of something that no one can see. Within this gated community lives a man, his family, and one vision of the future. Taavi Kotka, who spent four years as Estonia’s chief information officer, is one of the leading public faces of a project known as e-Estonia: a coördinated governmental effort to transform the country from a state into a digital society. E-Estonia is the most ambitious project in technological statecraft today, for it includes all members of the government, and alters citizens’ daily lives. The normal services that government is involved with—legislation, voting, education, justice, health care, banking, taxes, policing, and so on—have been digitally linked across one platform, wiring up the nation. A lawn outside Kotka’s large house was being trimmed by a small robot, wheeling itself forward and nibbling the grass. “Everything here is robots,” Kotka said. “Robots here, robots there.” He sometimes felt that the lawnmower had a soul. “At parties, it gets close to people,” he explained. A curious wind was sucking in a thick fog from the water, and Kotka led me inside. His study was cluttered, with a long table bearing a chessboard Continue Reading

U.S. may need new law to address Russian ad buys on Facebook: senator

By Dustin Volz and David Ingram WASHINGTON/SAN FRANCISCO (Reuters) - U.S. legislation may be needed to require social media companies to disclose more about how their platforms are used for political advertising, a senior Democratic lawmaker said on Thursday, after new signs of Russian efforts to influence the 2016 election. Facebook Inc said on Wednesday that an operation likely based in Russia had placed thousands of U.S. ads with polarizing views on topics such as immigration, race and gay rights on the site during a two-year period through May 2017. The world's largest social network was already under fire for how little transparency it provides about digital political ads. Voters, researchers and journalists cannot see many of the ads politicians and interest groups run on Facebook to target certain groups, nor can they discover who paid for them. Senator Mark Warner said Congress may need to update laws in order to make them consistent with rules governing television advertising. "An American can still figure out what the content is being used in TV advertising. You can go look at the ad," Warner, of Virginia, said at a security conference. "But in social media there is no such requirement. So, you know, we may need a legislative solution," he said. A second Democratic senator, Martin Heinrich of New Mexico, said on Thursday that he supported regulating social media ads like TV ads. U.S. intelligence agencies say there was an extensive Russian cyber-influence operation during the 2016 election campaign aimed at helping Donald Trump, a Republican, defeat Democrat Hillary Clinton. Russia has repeatedly denied the allegations. Watchdog group Common Cause on Thursday filed a complaint with the U.S. Justice Department and the Federal Election Commission alleging that unknown foreign nationals made expenditures during the election in violation of American election law. Warner, the top Democrat on the Senate Intelligence Committee, said he Continue Reading

HARLEM WEEK 2015: Uptown’s bridging the digital gap – and including the arts

As a society, we have gone through the Industrial Age and the automotive age, but no time in our history has been as transformative as the digital age we are living in now. But the organizers of HARLEM WEEK, along with supportive institutions and individuals, have created a series of events to help young and old survive and strive in these digital times. Technology has completely changed practically every aspect of our lives. And for the foreseeable future, this digital age will be a catalyst to bring our society together – or keep it separated. There are ongoing discussions and concerns about the “digital divide.” Too many communities are underserved because of a lack of information and access to participate in and benefit from this digital age. But over the last few years, STEM (Science, Technology, Engineering and Math) initiatives and curricula have been instituted in schools, cultural centers, youth and senior programs nationwide to ensure that-Americans are competitive globally – in education and in jobs in this digital world. Harlem, through the leadership of Congressman Charles Rangel, has focused on bridging the digital divide for more than a decade, and additionally given serious consideration to the role the arts will play in these technological times. As Randy Cohen of the Americans for the Arts has argued – and The Conference Board, and studies by IBM have found – “the arts build the 21st century workforce” in this digital world. As a result, the Greater Harlem Chamber of Commerce – in partnership with Silicon Harlem, Rangel, city Controller Scott Stringer and a number of partners – kicked off with this year’s HARLEM WEEK festival with a unique STEAM initiative (adding arts to the STEM effort) to encourage residents, students and seniors in Harlem and neighborhoods around the world to become engaged and active in this digital society. Continue Reading

Fact check: Trump’s false and misleading claims at his press conference

In his first press conference since July, President-elect Donald Trump repeated some false and misleading claims on jobs, health care and his tax returns:• Trump falsely claimed that there are “96 million really wanting a job and they can’t get [one].” There are roughly 96 million people not in the labor force, but that includes retirees, students and others who don’t want jobs. Only 5.5 million of them want work.• Trump said that “you learn very little” from a tax return. But experts told us there’s plenty of information to be gleaned from tax returns — such as potential conflicts of interest, charitable giving habits and effective tax rates.• Trump claimed that “some states” have seen health insurance coverage on the Affordable Care Act exchanges increase by 100%. Only Arizona has an average increase that high, and 84% with marketplace coverage in 2016 received tax credits to purchase insurance.• Trump continues to oversimplify the rise of the Islamic State by blaming President Obama for “leaving at the wrong time” from Iraq. President George W. Bush set the withdrawal date. More important, there were numerous factors in the rise of the terrorist group.• Trump claimed that “nobody even talked about it” when hacked emails showed that Hillary Clinton’s campaign got debate questions in advance. Actually, there was plenty of press coverage when it was revealed that former CNN contributor Donna Brazile shared questions with Clinton’s campaign.Trump hasn’t held a press conference since July 27, 2016, during the Democratic National Convention. The purpose was to discuss how he would arrange to handle his business affairs while he is president. Trump will take the oath of office on Jan. 20.But the Republican president-elect was asked a variety of questions on a host of issues, including Russian hacking, the Affordable Care Continue Reading

HOW THE EAST IS WON. 5 reasons Nets will or won’t rule conference

At their best, they have an explosive offense that humiliated the high-octane Suns at their own game. And they have a defense that can be every bit as stingy as the Pistons. But at their worst, they are capable of losing to the Bobcats, Raptors and Hawks. Meet the Nets, the Eastern Conference's postseason enigma entering this weekend's playoffs. Are they legitimate Eastern title contenders? Do they belong with Detroit and Miami? Or are they going to fizzle out to Shaquille O'Neal or the Pistons for the third consecutive postseason? The Nets don't know yet who they will face in the first round, but they will soon find out how good they really are. "I think they belong under the dangerous category," Boston coach Doc Rivers said. "I just look at the three guys - Vince Carter Jason Kidd, and (Richard) Jefferson. There's no better combination in the league at 1, 2 and 3. When you have that in the league you can win big. " Here's a breakdown as to why the Nets can and can't win the Eastern Conference: Five reasons they will 1. It's Krstic Clear Nenad Krstic (r.), the second-year center, has exceeded expectations so much that the Nets are no longer desperate to find that inside threat they have lacked since Kenyon Martin's departure two summers ago. After Krstic averaged 18. 3 points and 7. 5 rebounds against the Heat in the first round last year, his progression continues. He drills jumpers from 18 feet with Carter-like confidence. He's also rebounding well. In his last 20 games, Krstic averaged 15. 9 points, 8. 6 rebounds and 1. 0 blocks per game. When he plays like this, the Nets become the Big Four. "Before, teams would load up on (Carter)," Nets president Rod Thorn said. "Now it is much harder to do that. " 2. Feeling Like A Kidd Again The last time Kidd was seen in the second round, he went scoreless in Game 7 against the Pistons in 2004 while limping on one leg. He underwent microfracture knee surgery that summer and Continue Reading