Podcasts have been around for a decade, but they’re having a definite moment now, thanks in large part to the runaway hit, “Serial.”
While many are jumping into the podcast fray — including Digiday — some publishers are savvy veterans of the space. Slate has been podcasting for the past decade and now boasts 15 regular shows, with topics ranging from culture to politics to TV. Podcasting audiences are growing, inching toward 20 percent of all U.S. Internet users, according to Edison Research. Some Slate podcasts draw up over 200,000 downloads, while others have niche audiences of 15,000. That’s the beauty of podcasting, Slate general manager Brendan Monaghan told us in this week’s, ahem, Digiday Podcast.
“It never really went anywhere,” he said. “Certainly some organizations committed less to it, more to it. At Slate we’ve seen steady growth and a lot of interest increase as technology advances.”
Monaghan joined me and Digiday staff writer Eric Blattberg to discuss the future of podcasting and Slate’s foray into spinning out a podcast network called Panoply, which will offer its expertise to other publishers wanting to build their own podcasts. Subscribe to the Digiday podcast here. Some edited highlights from this week’s episode are below:
Podcasting is about serving niches.
“Radio in general has limited space. There’s limited time, and they’re trying to reach mass audience. Podcasting allows for an incredible amount of diversification. There are now 300,000 podcasts in iTunes. I’m not saying they’re all the quality you’d like, but they are certainly interesting and compelling in a variety of contexts.”
Podcasting plays into on-demand consumer culture.
“Everyone is so used to their DVR. In the audio space, that’s happening as well. You see that, whether it’s a DVR or an Uber or food delivery. It’s people getting things when they want it and how they want it. Combine them, and you’ve got a pretty compelling case.”
Slate wants to work with competitors on podcasting.
“We started with the concept that we have some great podcasts at Slate, and we saw opportunities to work with some other publishers that might be thought of as competitors. Given the burgeoning arena we’re in, there’s so many opportunities for folks to get into this space. For Panoply, not only did we bring sales expertise but we brought production opportunity with several studios where folks can come and record shows with our staff. We help identify producers for them and provide not only the production but the audience development and sales side. We tried to hit all areas of interest.”
Audience development is a big challenge.
“The challenge is it’s a unique experiment. There’s the challenge of finding people who know how to download and listen to podcasts. There’s a compelling opportunity to bring listenership when other people are listening to podcasts. If you’re listening to a podcast, you might listen to something else. We’re trying to solve this cul de sac problem. You go and listen to a podcast and you get to the end of it and you’re like, ‘where do I go now?’ That’s a real challenge.”
Brands haven’t yet arrived in podcasts.
“It’s emerging. You had a podcast teased on SNL, so you know you’re hitting the mainstream when that happens. What we’re seeing is there’s a growing awareness at the brand and agency level. We’ve had some great relationships where people see the value in the connection podcast listeners have. Some of the great response we’ve gotten from advertisers is them giving five bullet points to riff on. People aren’t as quick to fast-forward.”
Sponsored by Bionic Advertising Systems
Intro music: Benny Reiner
Podcasters are pitching longer, more lucrative ads, but ad buyers prefer shorter, cheaper spots
While podcast production companies and creative studios pitch custom, longer-form podcast ads, buyers prefer ads under a minute long due to budgets, reach and audience attention.
Media Buying Briefing: Four takeaways on Upfront Week from a buyer’s perspective
Beyond a general optimism to be back in person for Upfront Week, buyers shared their thoughts on what worked and what still needs to happen.
How publishers are future proofing their commerce offerings for post-pandemic consumers
Four publishers gathered at Digiday Media's Commerce for Publishers Forum to talk about their affiliate programs and strategies.
SponsoredHow marketers and retailers are unlocking the true value of retail media
Ben Kneen, senior director of product management, Xandr It’s a challenging time for retailers in the advertising industry. As they cope with supply chain woes and inflation-related pressures, they seek high-margin revenue streams amid evolving privacy regulations and massive shifts in identity solutions — including IDFA, the deprecation of third-party cookies and more. In light […]
‘He thought I was accusing him of being racist’: Confessions of a comms pro on working with out of touch leadership
The [CEO] and one of the other co-founders felt the need to point out that they mentor black people and donate to black-focused charities. 'It wasn't about them, but they were making it about them.'
As economic uncertainty grows, senior media buyers expect decent upfront pricing options across linear and digital
TV sellers face a steeper uphill climb to sell billions of ad time in advance, as market indicators look increasingly gloomy. But that's not stopping one seller from seeking aggressive pricing and volume gains.