Steve Ellis

Hold the front page: Advertising Value Equivalent is dead

I was a bit disappointed by this piece in the Independent - Measuring PR success by column inches is old hat – welcome to a new analysis. I get the Independent at home, so think its generally a sound read.

Apparently the breaking news is that Advertising Value Equivalent is now an outmoded method of PR measurement.

What is the news here exactly? I think it must be at least ten or fifteen years since I have been in a meeting where it was even proposed.

Not sure anyone with any authority in PR ever suggested AVE had any credibility anyway (at least not with a straight face). It was always an obviously lazy and self serving metric.

The piece was disappointing because there's lots of intelligent thinking taking place on measurement, and lots of new technologies being applied to the problem. If you only have time for one source to stay up to speed, Katie Paine is your best bet.

Tags: , ,

Published 18 Jun 2008 by Steve
Filed Under: ,

Comments

 

Kristin Wadge said:

Hi Andrew, as the agency that produced the report that inspired the piece I thought you'd like to hear from us.  Here at Metrica (www.metrica.net) we've been banging a very large anti-AVE drum for at least the last ten years too.  It's a huge challenge weaning the industry off that little addictive pound / dollar sign!  In reality, although we have many forward thinking clients using our latest tools and methodologies, there are still plenty who want their fix of AVEs.  Along with constant education efforts we ensure that clients who insist on AVEs have them alongside a dashboard of more meaningful measures.  The key is in wrapping the metrics snugly around what each client is trying to achieve with their PR.  Outcomes are always king.  What's interesting about the piece itself is that the Metrica Numbers report doesn't focus on AVEs at all.  It's a connection that is far too often made and one that we're going to all have to keep fighting hard to break.
June 25, 2008 1:36 PM
 

Bill Bartmann_- said:

Great site...keep up the good work.
September 10, 2009 10:10 AM

What do you think?

(required) 
(optional)
(required)