But were we done yet? No, we had barely begun. In 1991, Ad Age
launched Ad Age International, an excellent publication that had a
few up years but mostly down ones, and so in 2000, we relaunched
again as Ad Age Global. That came just in time to catch the
meltdown of the internet bubble. By 2003, we were finally done with
the whole Euro-publishing strategy.
Why didn't any of these various publications work? It's very
simple: Media advertisers don't really see the point of
pan-regional or global advertising. They like local advertising in
the local-language trade press. I could give you a much more
detailed analysis of what happened with each product, but honestly,
in the end, it's all about local vs. regional.
Today, we follow a new and much more successful model, focusing
on global licensing, events and copy-protected newsletters, and we
are particularly involved in the BRIC countries. For example:
In Brazil we license content to that country's top trade
publication, Meio & Mensagem, and are marketing partners for
its 2-year-old Wave ad festival in Latin America.
In Russia, we've licensed our branded-entertainment content to a
Russian company that used it to launch a Russian-language e-weekly
titled "Branded."
In India this year we began a licensing arrangement with the
country's leading online and print advertising publisher,
Exchange4Media, a partnership we expect to grow quickly.
In China we have been active for years in a multitude of ways:
holding events in Shanghai, publishing our weekly newsletter
AdAgeChina and working with our licensee and partner Modern
Advertising, which is backed by the China Advertising
Association.
We are perhaps most excited right now about another recent
launch, this one just last month in Central America. For the first
time, Ad Age has licensed rights to another company to publish a
foreign-language version of the publication.
Advertising Age America Central y El Caribe is a monthly
Spanish-language mix of relevant Ad Age content and local news
coverage, with offices and distribution in seven countries: Costa
Rica, Panama, Nicaragua, Guatemala, Honduras, El Salvador and the
Dominican Republic. The publishers, Grupo Cerca of Costa Rica, have
done a great job so far.
And frankly, given our 30-year history of international
publishing, they've shown the only way Ad Age will ever publish a
pan-regional magazine again: By letting a good partner who speaks
the market's language do it themselves.