2018 Media Kit A COMPREHENSIVE MARKETING GUIDE - Crain's Cleveland Business
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LETTER FROM THE PUBLISHER We at Crain’s Cleveland content won 39 awards your needs and business Business take your business in statewide, national and objectives so we can seriously. international competitions develop custom marketing in 2017, including being strategies, whether you As the leading business named the best business need to build your brand, publication in Northeast publication in Ohio in the establish yourself as a Ohio for more than 35 2017 All Ohio Excellence thought leader or make years, Crain’s reporters in Journalism Awards meaningful connections. and editors work every we can help you make 2018 your best sponsored by the Press Please examine this day to tell the stories of and most profitable year ever. You can Club of Cleveland. You, of media kit, learn about our our region’s businesses, always reach out to me personally as course, will continue to audience and about how from the startups to the well. Email me directly at emcintyre@ see the same high-quality we can help you reach new stalwarts. More than crain.com or call me at 216.771.5358. journalism and business customers, new partners, 100,000 business leaders coverage in 2018 that you new donors or just how you Here’s to your continued success, read Crain’s every week. will only get with Crain’s. can spread your message And it’s no wonder. Crain’s to the best audience in provides in-depth reporting At our heart, we are Northeast Ohio. on business news, trends passionate about helping and personalities affecting to grow local business. We Please ask your account Elizabeth McIntyre our region. Our editorial take the time to understand representative about how Publisher and Editor " At our heart, we are passionate about helping to grow local business. 2. "
WHO SAYS PRINT IS DEAD? Print ads are still more effective than both online and TV ads when it comes to increasing favorability, according to an analysis of nearly 100 ad effectiveness studies.* 1. WE ARE MORE LIKELY TO REMEMBER PRINT ADS. Temple University did a study on the brain’s activity when viewing print. This study proved that we are more likely to remember an ad and its context on paper than on a digital screen. The print-exposed group showed much higher activity in the area of the brain associated with memory and preference. 2. PRINT IS MORE EFFECTIVE ACROSS MEDIA PLATFORMS. Today in advertising, a campaign often needs to reach consumers on print, digital, and video platforms. When consumers first see an ad in print, it is more likely to resonate. The Print Campaign Analysis found that the combination of print and TV ads outperformed digital and TV by increasing viewers' recall. 3. PRINT DRIVES SALES. According to the ad effectiveness studies, print advertising led to the greatest increases in the metrics closest to purchasing behavior: brand favorability and purchase intent. Print ad exposures generated lifts that were 7 percentage points higher than those for online and 3 percentage points higher than TV. Interested in creating an effective marketing campaign? Talk to one of Crain’s account executives… 216.522.1383 The Print Campaign Analysis by Millward Brown, a market research company, October 2015. * 3.
THE POWER OF THE CRAIN’S CLEVELAND BUSINESS PRINT AUDIENCE 86% of readers hold positions of THE AVERAGE BUYING POWER OF OUR AUDIENCE IS 80% are influencers and make CEO, President, Owner (mid- to senior-level OVER $407,000 PER YEAR purchasing decisions executives) COMPANY GROSS READERS THAT ARE INVOLVED IN THESE PURCHASING DECISIONS SALES BREAKDOWN Office 62% Equipment, supplies, fixtures, printing 1. Less than $999,999 = 21.4% Human Resources 59% HR, healthcare, benefits, recruitment 2. $1 m - $9.9 m = 23.2% 3. $10 m - $99.9 m = 17.5% Technology 49% Software, software services, tech services, help desk 4. $100 m - $999.9 m = 7.3% Entertainment/Meeting 49% Meeting/event planning, facilities, catering, gifts, corporate entertaining 1. 2. 3. 4. 5. 5. $1 billion + = 10.9% Technology 38% Hardware, A/V equipment, video conferencing AVERAGE COMPANY GROSS SALES = $818 million Technology 37% Data storage, cloud, hosting, network security Education 33% Continuing education, training COMPANY SIZE Real Estate/Construction 32% Real estate, construction, maintenance, industrial, commercial, office BREAKDOWN Financial 31% Financial services, pension fund management, advisory, retirement, 401(k), IRA 1. Less than 9 = 28.6% Financial 30% Accounting, tax 2. 10 - 99 = 31.6% Technology 29% Telecom, mobile 3. 100 – 999 = 18.6% 4. 1,000 - 4,999 = 7.5% Marketing 29% Advertising, PR, media, marketing services 5. 5,000 - 9,999 = 3.9% 1. 2. 3. 4. 5. 6. 6. 10,000 or more = 8.7% Banking 26% Banking, trust AVERAGE COMPANY SIZE = 3,542 employees Consulting 26% Consulting services Business Insurance 26% Business insurance, broker Fundraising, charitable giving Philanthropy 24% COMPANY EXPANSION READERS IN MIDDLE Legal services PLANS IN NEXT YEAR MARKET COMPANIES Legal 22% = 32% = 24.8% Technology 19% Website, internet services 4. SIGNET Research Inc., Total Audience Survey 2016
THE POWER OF THE CRAIN’S CLEVELAND BUSINESS PRINT AUDIENCE Average household income per subscriber = $279,000 Average net worth per subscriber = $1.6 million Average investable assets per subscriber = $1.059 million 72% use a financial SCHOOLING 35% planner Graduated with a 4-Year age BREAKDOWN 1. College Degree 1. 8.5% Under 34 2. 25% 35-49 3. 35.1% 50-59 4. 31.4% 60 and Older 4. 2. 42% have a Master’s Degree or Doctorate AVERAGE AGE OF THE CRAIN PRINT READER (MD, PhD, JD) = 53.1 years old 3. real 89% Own a home $385,000 = Average home sale $1.32 Million 10% Are planning estate 17% $462,000 = Average value of on a residential purchase STATS Own a second = Average second real estate in the next home/vacation home sale holdings 12 months 5. SIGNET Research Inc., Total Audience Survey 2016
THE POWER OF THE CRAIN’S CLEVELAND BUSINESS PRINT AUDIENCE 73% volunteered for a nonprofit or school in the past 12 SOCIAL HABITS IN THE PAST 12 MONTHS 85% Traveled (domestic & international) months 82% Attended a cultural event (theater, museum, concert) Average times dining out 93% 81% Purchased wine or spirits = 3.2 76% Experienced fine dining per week have donated to charity 72% Attended a pro or collegiate sporting event 70% Shopped for business attire 68% 32% $3,439 Went to the movies looking to purchase a vehicle 67% Went on a weekend car trip = average donation amount 61% Went to a spa or gym 59% Participated in a sport $43,300 57% Invested in health or wellness services average Average time purchase price spent volunteering 51% Attended a private/social event or country club = 44.9 hours 39% per year 30% Purchased jewelry Went to a casino or gambled 62% 38% Average board(s) served on 22% Received elective or cosmetic procedures Male Female = 1.1 12% Took a cooking class or demonstration 6. SIGNET Research Inc., Total Audience Survey 2016
THE POWER OF THE CRAIN’S CLEVELAND BUSINESS DIGITAL AUDIENCE 86% of readers hold positions of THE AVERAGE BUYING POWER OF OUR AUDIENCE IS 78% are influencers and make CEO, President, Owner (mid- to senior-level OVER $414,000 PER YEAR purchasing decisions executives) COMPANY GROSS READERS THAT ARE INVOLVED IN THESE PURCHASING DECISIONS SALES BREAKDOWN Office 57% Equipment, supplies, fixtures, printing Human Resources 53% HR, healthcare, benefits, recruitment 1. Less than $999,999 = 21.1% 2. $1 m - $9.9 m = 20.3% Technology 48% Software, software services, tech services, help desk 3. $10 m - $99.9 m = 17.6% 4. $100 m - $999.9 m = 8.5% Entertainment/Meeting 45% Meeting/event planning, facilities, catering, gifts, corporate entertaining 1. 2. 3. 4. 5. 5. $1 billion + = 12.8% Technology 36% Hardware, A/V equipment, video conferencing AVERAGE COMPANY GROSS SALES = $929 million Technology 35% Data storage, cloud, hosting, network security Education 31% Continuing education, training COMPANY SIZE Real Estate/Construction 31% Real estate, construction, maintenance, industrial, commercial, office BREAKDOWN Marketing 28% Advertising, PR, media, marketing services Financial 27% Financial services, pension fund management, advisory, retirement, 401(k), IRA 1. Less than 9 = 27% 2. 10 - 99 = 30.6% Financial 27% Accounting, tax 3. 100 – 999 = 20.1% 4. 1,000 - 4,999 = 8.1% Technology 27% Telecom, mobile 5. 5,000 - 9,999 = 4.4% Consulting 25% Consulting services 1. 2. 3. 4. 5. 6. 6. 10,000 or more = 9.8% Business Insurance 23% Business insurance, broker AVERAGE COMPANY SIZE = 4,260 employees Banking 22% Banking, trust Fundraising, charitable giving Philanthropy 21% COMPANY EXPANSION READERS IN MIDDLE Legal services PLANS IN NEXT YEAR MARKET COMPANIES Legal 19% Website, internet services = 33% 19% = 26.1% Technology 7. SIGNET Research Inc., Total Audience Survey 2016
THE POWER OF THE CRAIN’S CLEVELAND BUSINESS DIGITAL AUDIENCE Average household income per subscriber = $274,000 Average net worth per subscriber = $1.4 million Average investable assets per subscriber = $940,000 71% use a financial SCHOOLING 35% planner Graduated with a 4-Year age BREAKDOWN 1. College Degree 1. 9.8% Under 34 2. 27.4% 35-49 3. 34.2% 50-59 4. 28.6% 60 and Older 4. 2. 43% have a Master’s Degree or Doctorate AVERAGE AGE OF THE CRAIN DIGITAL READER (MD, PhD, JD) = 52.4 years old 3. real 89% Own a home $362,000 = Average home sale $1.29 Million 11% Are planning estate 17% $453,000 = Average value of on a residential purchase STATS Own a second = Average second real estate in the next home/vacation home sale holdings 12 months 5. 8. SIGNET Research Inc., Total Audience Survey 2016
THE POWER OF THE CRAIN’S CLEVELAND BUSINESS DIGITAL AUDIENCE 73% volunteered for a nonprofit or school in the past 12 SOCIAL HABITS IN THE PAST 12 MONTHS 83% Traveled (domestic & international) months 83% Attended a cultural event (theater, museum, concert) Average times dining out 93% 82% Purchased wine or spirits = 3.2 77% Experienced fine dining per week have donated to charity 72% Attended a pro or collegiate sporting event 70% Shopped for business attire 33% $3,170 70% Went to the movies looking to purchase a vehicle 68% Went on a weekend car trip = average donation amount 60% Went to a spa or gym 60% Participated in a sport $42,800 58% Invested in health or wellness services average Average time purchase price spent volunteering 51% Attended a private/social event or country club = 44.8 hours 40% per year Purchased jewelry 30% Went to a casino or gambled 61% 39% Average board(s) served on 21% Received elective or cosmetic procedures Male Female = 1.1 12% Took a cooking class or demonstration 9. SIGNET Research Inc., Total Audience Survey 2016
THE POWER OF THE CRAIN’S CLEVELAND BUSINESS READERSHIP LOYAL OVER 100,000 EXECUTIVES READERS READ CRAIN’S IN PRINT AND/OR ONLINE EACH WEEK 74% Approximately 20,000 print subscribers 100,000+ registered users online read 3 out of 4 issues Keep an issue of Crain’s for DISTRIBUTED TO 8 COUNTIES: 2 Cuyahoga MONTHS Geauga Lake Lorain Medina Summit Stark Portage 24 minutes reading each issue Average readers per copy = 3.3 55% regularly recommend stories in Crain’s to professional colleagues and friends 70% feel Crain’s is the authoritative source for local business news 5. 10. SIGNET Research Inc., Total Audience Survey 2016
THE POWER OF THE CRAIN’S CLEVELAND BUSINESS READERSHIP 79% refer to the Book of Lists at least 4 times per year 55% refer monthly to the Book of Lists 74% HAVE TAKEN AN ACTION BASED ON SEEING ADS IN CRAIN’S CLEVELAND BUSINESS print, website or newsletter Illustration for Crain’s by LeeAndra Cianci SPONSORED BY: SOCIAL STATS 15,859 24,734 25,870 2,009 followers followers followers followers 11. SIGNET Research Inc., Total Audience Survey 2016
CRAIN CONTENT STUDIO - CLEVELAND A NEW WAY OF MARKETING Content marketing is a strategic marketing approach focused on creating and distributing valuable, relevant, and consistent content to attract and retain a clearly-defined audience — and, ultimately, to drive profitable customer action. – Content Marketing Institute Crain Communications has more than 24 trusted brands with over 100 years in media - we’re content experts who connect brands to executive level audiences. We are award-winning writers, editors and designers delivering news and insights daily, defining the industries we serve. Check out our work: WWW.CRAINCUSTOMCONTENT.COM & WWW.CRAINSCLEVELAND.COM/CUSTOM GRADUATEFAMILY Comp any iG ving Guide MEE TIN G THE EDUCATION UNI QUE TO CHA LLEN GES FAM ILY BUS INE SSES GUIDE PRESENTE D BY: CRAIN CONTENT STUDIO C l eve l a n d More Inside: + Accessing + Hiring can external sup didates tha port t fit + Protecting NT STU DI O family relation C R A I N nd CONTE ships C l eve l a PASSING THE TOR Finding the Rig ht Succession CH Plan for You HELPING YOU FIND THE RIGHT SCHOOL FOR YOUR Interested in hearing more? Contact Amy Stoessel, CONTINUING EDUCATION managing editor of custom projects and special events SPONSORED BY: (astoessel@crain.com or 216.771.5155) Presented by: 5. 12.
DIGITAL PRODUCTS DIGITAL DOWNLOAD Registered users on CrainsCleveland.com & e-newsletter subscribers: 100,000+ Average open rate for Morning Roundup and Afternoon Report: 43 - 44% Page views (per month): 500,000 Unique visitors (per year): 2.6million Unique visitors (per month): 200,000 Average time on site: 7 minutes E-Newsletter Products Registrants Open Rate Akron News 17,000 32% Afternoon Report 16,000 44% Health Care 12,000 33% Manufacturing 17,000 30% Morning Roundup 15,000 43% People on the Move 35,000 30% Real Estate & Construction 11,000 42% Small Business 10,000 37% Sports Business 15,000 37% This Week in Crain’s 17,000 43% SPONSORED POSTS AVERAGE A CLICK- THE AVERAGE OPEN RATE FOR INDUSTRY NEWSLETTERS IS TYPICALLY LESS THAN 20% 5THROUGH RATE OF TIMES A TYPICAL AD! 13.
CRAIN’S SIGNATURE EVENTS CONVERSATIONS WITH CRAIN’S HEALTH CARE FORUM WEATHERHEAD 100 Tentative Date: June Tentative Date: March PROJECTED ATTENDANCE: 200 - 300 PHYSICIAN INNOVATORS WOMEN OF NOTE AWARDS BREAKFAST Tentative Date: July Tentative Date: March Editorial Feature: 7/9 Editorial Feature: 3/12 PROJECTED ATTENDANCE: 600 - 700 NEWS OVER BREWS: NEWS OVER BREWS: NEWS OVER BREWS: BREAKING FOR SPORTS BUSINESS BUSINESS OF MARIJUANA BUSINESS? DOES THE INCENTIVES Tentative Date: September Tentative Date: March GAME WORK? Editorial Feature: 8/27 Editorial Feature: 3/26 Tentative Date: July Editorial Feature: 7/16 DIVERSITY AND INCLUSION FORUM ARCHER AWARDS Tentative Date: October FAMILY BUSINESS FORUM Tentative Date: August Tentative Date: May in partnership with the Diversity Center and Editorial Feature: 8/6 Crain’s Diversity Council PROJECTED ATTENDANCE: 200 - 300 PROJECTED ATTENDANCE: 400 - 500 MANUFACTURING ASSEMBLY MIDMARKET PERSPECTIVES Tentative Date: October CONVERSATIONS WITH Tentative Date: August PROJECTED ATTENDANCE: 200 - 300 WEATHERHEAD 100 Editorial Feature: 8/13 Tentative Date: June PROJECTED ATTENDANCE: 200 - 300 FORTY UNDER 40 Tentative Date: November TWENTY IN THEIR 20S CONVERSATIONS WITH Editorial Feature: 11/19 Tentative Date: June WEATHERHEAD 100 PROJECTED ATTENDANCE: 350 - 400 Editorial Feature: 6/11 Tentative Date: September TWENTY IN THEIR 20s C-SUITE GALA CRAINSCLEVELAND.COM/EVENTS For sponsorship opportunities, contact Nicole Mastrangelo at 216.771.5158 or nmastrangelo@crain.com. Tentative Date: December Editorial Feature: 11/26 PROJECTED ATTENDANCE: 500+ 5. 14.
CRAIN’S SIGNATURE EVENTS HERE’S WHAT OUR ATTENDEES THINK 92% 93% have recommended an event to a feel our events colleague or friend are high quality 93% view the events/ programs as prestigious 87% have established 77% are rate the venues, new contacts or professionals 92% atmosphere, business leads with 15+ years food, networking of experience and awards as “favorable” or “above average” have favorable 94% feel our events 70% 82% impressions of sponsors after leaving a Crain’s event deliver the content/results as advertised are C-level executives 15. Qualtrics post-event surveys to Crain’s attendees, 2016 - 2017
CRAIN’S CLEVELAND BUSINESS STAFF PUBLISHER Elizabeth McIntyre | Publisher & Editor | 216.771.5358 | emcintyre@crain.com EDITORS Scott Suttell | Managing Editor | 216.771.5227 | ssuttell@crain.com Sue Walton | Akron Business Editor | 330.802.4615 | swalton@crain.com Chuck Soder | Research Editor | 216.771.5374 | csoder@crain.com Kevin Kleps | Assistant Editor & Sports Reporter | 216.771.5256 | kkleps@crain.com Amy Ann Stoessel | Managing Editor – Custom and Special Projects | 216.771.5155 | astoessel@crain.com Timothy Magaw | Sections Editor | 216.771.5359 | tmagaw@crain.com EDITORIAL Stan Bullard | Senior Reporter / Real Estate | 216.771.5228 | sbullard@crain.com Jay Miller | Senior Reporter / Government | 216.771.5362 | jmiller@crain.com Lydia Coutre | Reporter / Health Care & Non-profits | 216.771.5479 | lcoutre@crain.com Rachel Abbey McCafferty | Reporter / Manufacturing & Higher Ed | 216.771.5379 | rmccafferty@crain.com Jeremy Nobile | Reporter / Finance & Legal | 216.771.5255 | jnobile@crain.com Dan Shingler | Reporter / Energy, Steel, Automotive | 216.771.5290 | dshingler@crain.com ART David Kordalski | Creative Director | 216.771.5169 | dkordalski@crain.com INTERNET Damon Sims | Web Editor | 216.771.5279 | dsims@crain.com SALES Nicole Mastrangelo | Director, Advertising | 216.771.5158 | nmastrangelo@crain.com Dawn Donegan | Senior Account Executive | 216.771.5171 | ddonegan@crain.com Lindsie Bowman | Account Executive | 216.771.5070 | lbowman@crain.com John Banks | Account Executive | 216.771.5172 | jbanks@crain.com Laura Kulber Mintz | Account Executive | 216.771.5136 | lmintz@crain.com MARKETING Michelle Sustar | Integrated Marketing Manager | 216.771.5371 | msustar@crain.com EVENTS Ashley Martin | Events Manager | 216.771.5388 | amartin@crain.com Megan Lemke | Events Coordinator | 216.771.5182 | mlemke@crain.com PRODUCTION Craig Mackey | Director, Web & Print Production | 216.771.5184 | cmackey@crain.com OFFICE Denise Donaldson | Office Manager & Sales Support | 216.771.5159 | ddonaldson@crain.com 5. 16.
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