co-founder, co-CEO | Uptown
Targeting affluent African Americans with editions in New York, Chicago, Atlanta and Washington D.C., Uptown Media Group is a small but growing media company that saw revenue soar 80 percent in 2008. This year, the company will launch another edition of Uptown in Charlotte, North Carolina (although it scrapped a planned Los Angeles edition). Beginning with the February issue, it will up the magazineâ€™s frequency from quarterly to bi-monthly while increasing its rate base of the flagship from 125,000 to 200,000.
The companyâ€™s continued growth this year wonâ€™t come from business-as-usual, says founder and co-CEO Len Burnett. He says the increasing need for publishers to fulfill advertiser demands in 2009 is so great that he and his team are beginning to look at other media companiesâ€”including those that were once considered competitorsâ€”as partners.
â€śWeâ€™re looking at possibly working with other media companies to get business neither of us are getting right now,â€ť says Burnett. â€śWe believe clients will continue to spend and it will be our goal to get our share of the pie. We plan to capitalize on this because we believe there is an inherent waste when purchasing ads in large-circ books and we plan to stay at the top of our clientsâ€™ minds as experts.â€ť
To that end, Uptown will launch Uptown Social, a bi-weekly invitation-only consumer e-newsletter. â€śThis expands our brand while enabling us to sell sponsorships and cultivate e-mail lists for lead generation purposes,â€ť Burnett says.
Uptown also will launch an monthly e-newsletter that will be sent to advertising clients. â€śWhen they get a question from one of their own clients and they can use even one of those newsletters as a resource, theyâ€™ll remember they got that from Uptown,â€ť Burnett says.
â€śItâ€™s easy for a magazine or media company to be in front of the client when they have dollars to spend,â€ť he adds. â€śNow, itâ€™s even more important to be there for them and listen to their needs so that youâ€™ll continue to be there when the dollars do come back.â€ť
Where They Will Grow: By partnering with competing media companies to better serve advertiser needs. Increasing lead generation, brand awareness with two e-newsletter launches.
Where They Will Save: Opting not to launch a Los Angeles edition in 2009 and scaling back on new events.
Quote: â€śWe believe clients will continue to spend and it will be our goal to get our share of the pie. To do that, weâ€™ll need to approach advertisers more as marketing partners.â€ť
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