#mediasnack

On this week's #MediaSnack we consider how strategy is more important these days than media buying in determining success and giving a competitive advantage to marketers. As we continue our theme of looking at the key areas of change a year after the ANA's Media Transparency Report, this week we focus on 'Media Thinking', which includes a strategic approach to media, the quality and process of good strategy and planning and what actually drives business success for marketers. For the last decade, the media industry has been on a race to the bottom, obsessed about lowering the price of media and treating it more like a commodity rather than a lever for growth. The entire media industry has been largely engineered around this concept: Giant media buying agencies, giant media selling companies and giant media auditing companies. This has created an asymmetric marketplace with far more many advertisers on the 'buy' side than there are agencies and vendors (who have largely consolidated into a handful of dominant