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1 Measuring and Tying Media Coverage to Organizational Goals April 21, 2017 Chris Scully Senior Media Intelligence Analyst LexisNexis

Measuring and Tying Media Coverage to …...Measuring and Tying Media Coverage to Organizational Goals April 21, 2017 Chris Scully Senior Media Intelligence Analyst LexisNexis #PRNews:

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Page 1: Measuring and Tying Media Coverage to …...Measuring and Tying Media Coverage to Organizational Goals April 21, 2017 Chris Scully Senior Media Intelligence Analyst LexisNexis #PRNews:

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Measuring and Tying Media Coverage to Organizational Goals

April 21, 2017Chris ScullySenior Media Intelligence AnalystLexisNexis

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#PRNews: How to Measure Media Coverage and Tie It to Organizational Goals 2

Linking Media Performance to Organizational Results

A Basic Approach:• Craft your PR strategies and tactics to support

your organization’s overall objectives.

• Set SMART goals in relation to these strategies and tactics.

• Track your progress in achieving these goals.

• If possible, track your organization’s overall results – especially those you’re working to support – to see if you may be affecting progress.

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#PRNews: How to Measure Media Coverage and Tie It to Organizational Goals 3

Linking Media Performance to Organizational Results

A Basic Approach• A basic approach provides you with hard data demonstrating how your efforts are

contributing to organizational goals. Examples could be:

• “To improve brand awareness, we instituted a Twitter campaign to double our followers in 6 months. We went from 4,000 in October 2016 to 8,500 in March 2017.”

• “To increase sales, we sought to place at least 5 stories per month on local TV after averaging only 1 per month last year. Through 9 months, we have averaged 7 stories per month. This has coincided with a 4 percent increase in sales year-to-date”.

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#PRNews: How to Measure Media Coverage and Tie It to Organizational Goals 4

Linking Media Performance to Organizational Results

A More Advanced Approach:

• Follow the basic approach steps, but add a layer.

• Determine if any strong statistical correlations exist between changes over time in your media performance and organizational goals.

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#PRNews: How to Measure Media Coverage and Tie It to Organizational Goals 5

A Primer on Statistical Correlations

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Statistical Correlations� Positive Correlation (R Value = 0.01 Æ 1.0)

• Variables move in tandem • Positive Correlation Examples:

1. Height and Weight2. Age and Mortality Rate

� Negative Correlation (R Value = -0.01 Æ -1.0)• Variables move in opposite directions • Negative Correlation Examples:

1. Amount of Exercise and Body Fat2. Standardized Math Scores & Distance from Canadian Border

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Interpreting Statistical Correlations

-1 -0.75 -0.5 -0.25 0 0.25 0.5 0.75 1

R Values and their Meaning

Strong Correlation

ModerateCorrelation

WeakCorrelation

NoCorrelation

Perfect Correlation

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Understanding Statistical Correlations� A strong Correlations does

not necessarily mean a Cause and Effect Relationship exists• Strong correlations can

occur through chance and randomness

� The longer a strong correlation exists, the less likely it is occurring by chance

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#PRNews: How to Measure Media Coverage and Tie It to Organizational Goals 9

Case Study:Do Strong Correlations Exist

between President Trump’s Media Performance and Public Approval

Ratings?

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#PRNews: How to Measure Media Coverage and Tie It to Organizational Goals 10

President Trump Case Study

President Trump seeks to maximize his public approval as a means to further his goals and objectives. Strong public approval:9 Empowers his agenda9 Enhances his sway with Congress9 Improves his standing with foreign allies

and adversaries

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#PRNews: How to Measure Media Coverage and Tie It to Organizational Goals 11

President Trump Case Study

FiveThirtyEight.comcompiles survey results and uses them to estimate President Trump’s overall public approval & disapproval ratings on a daily basis.

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#PRNews: How to Measure Media Coverage and Tie It to Organizational Goals 12

President Trump Case Study

Since January, I have tracked President Trump’s performance in the country’s most influential media by: � Daily Story Volume� Coverage Sentiment

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#PRNews: How to Measure Media Coverage and Tie It to Organizational Goals 13

President Trump Case StudyExamples of Media Tracked

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#PRNews: How to Measure Media Coverage and Tie It to Organizational Goals 14

President Trump Case Study

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#PRNews: How to Measure Media Coverage and Tie It to Organizational Goals 15

President Trump Case Study

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#PRNews: How to Measure Media Coverage and Tie It to Organizational Goals 16

President Trump Case Study

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#PRNews: How to Measure Media Coverage and Tie It to Organizational Goals 17

President Trump Case Study

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#PRNews: How to Measure Media Coverage and Tie It to Organizational Goals 18

President Trump Case Study

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President Trump Case Study

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President Trump Case Study

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#PRNews: How to Measure Media Coverage and Tie It to Organizational Goals 21

President Trump Case Study

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President Trump Case Study

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President Trump Case Study

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President Trump Case Study

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President Trump Case Study

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President Trump Case Study

Page 27: Measuring and Tying Media Coverage to …...Measuring and Tying Media Coverage to Organizational Goals April 21, 2017 Chris Scully Senior Media Intelligence Analyst LexisNexis #PRNews:

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President Trump Case Study

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Undertaking Correlation Analyses on Your Own

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Undertaking Correlation Analyses� Any media performance metric may be used so long as the

data is longitudinal. Common metrics used include:• Overall Volume• Audience Reach • Share of Voice• Volume of Positive Coverage• Volume of Negative Coverage• Impact Score

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Undertaking Correlation Analyses� Any organizational results may be used so long as the data is

longitudinal. Common results used include:• Sales Results / Donations• Web Traffic• Customer Satisfaction• Brand Awareness

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Undertaking Correlation Analysis� Organize and run correlations for your data in a variety of time

frame increments to identify lead-lag time• One-month periods, two-month periods, etc.• The more significant the action in question, the longer the lead-

lag time is likely to be; the more whimsical the action, the shorter the lead lag-time is likely to be.

� Make sure the media coverage appears before the organizational result occurred Yes: February’s media coverage to March’s sales results; March 1-15’s media coverage to March 16-31’s sales results No: All of February’s media coverage to all of February's sales results

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Key Takeaways• Craft your PR strategies and tactics to support your

organization’s overall objectives.

• Set SMART goals for these strategies and tactics.

• Track your progress in achieving these goals and track in relation to organizational results.

• Use correlation analysis techniques if feasible to uncover statistical evidence suggesting a link between your media coverage and changes to organizational results.