Earlier today I received an email from the Grand Rapids Business Journal selling its digital sponsored content option.
For $1,100 companies and organizations can place their own stories online, have them pushed as sponsored content on social platforms, and remain in a searchable archive. It’s also called “native advertising” or the old-fashioned “advertorial.”
Previously I wrote an online column/blog for GRBJ. Others continue to do so on topics ranging from media to law. It’s a win-win–local professionals establish themselves as thought leaders in their industry and the publication gets free content.
It’s also a sign of the times.
I subscribe to GRBJ, as I do other local media and trade publications, because I still like the experience of reading print. But also I feel a sort of obligation to patronize local media the way I do other local businesses, so they can stay in business.
Reading this week’s print copy of the GRBJ, after getting the pitch for sponsored content, I was struck by the ads more than the editorial. In a 16-page publication there are 12 total ads, with 9 of them being house ads from GRBJ touting its events, its subscription options, and other sister publications such as Grand Rapids Magazine. In this issue there are 1.75 paid ad pages.
This may be why they’re pitching sponsored content. I mean, even Forbes has been doing that in recent years. And a lot of the media planners are going not just to digital, but to bloggers, podcasts, their own content-driven owned media, and social platforms.
I’m hoping this may all be the result of light ad inventory post-holiday, or that the sponsored content push is just reflective of new ownership and not desperation.
As a public relations professional/professor and just a member of the community, I certainly hope it doesn’t portend the end of a vital contributor of community information. Perhaps the incentive for some of us to buy ads is not just reaching audience but saving the channel.