Wednesday, April 11, 2012

New York Red Bulls Career Fair



NEW YORK RED BULLS CAREER FAIR 
Date: Saturday April 14
Time: 12:00-3:00 PM 
Location: Red Bull Arena Harrison, NJ 

Career Fair attendees will have the opportunity to meet with representatives in the fields of public relations, sales and business development, marketing, broadcasting, finance, journalism, advertising, sports medicine and more. Information will be given regarding full, part-time, seasonal positions, internships and volunteer opportunities.

For more information, click here.


"The Tiger Woods Television Effect"

From the University of Kansas Journalism 

Review by Chad Mozingo in KIN 435 (section 2)



The article that I have chosen to review is “The Tiger Woods Television Effect.” This article was particularly interesting for me because it shows the impact that one single player can have in a sport. It shows the importance of Tiger Woods in the game of golf and how he personally impacts the number of viewers watching golf. It gives key statistics, for instance when he is in the field for a tournament viewership increases approximately 30 to 50 percent. This is astounding to be when thinking about the amount of money that is spent during golf tournaments for advertisements and sponsorships that if he isn’t playing nearly half of the viewers may not be tuning in to see the advertisements. Financially commercials, tickets, and anything to do with the tournament has to decrease in monetary value due to the attendance of one person. The article also had charts showing the viewership in majors since Tiger Woods and how they have increased. When Tiger is in contention to win a tournament on the final day it is the most watch sport. There are other statements in the article showing how he personally has evolved and changed the game of golf himself not just from a marketing standpoint. Because of him personally changing the game and raising the bar of excellence for golfers it has made it more entertaining to watch and play for everyone.

Friday, April 6, 2012

"Is March Madness Marketing’s Next Super Bowl?"

From The Street

Review by James Hemphill in KIN 435 (section 2)

The gold standard for television advertising in sporting events has been the Super Bowl, but the NCAA Tournament has made over $5.2 billion in television advertising from 275 sponsors over the course of the past decade. The 2011 NCAA Tournament garnered $738 million with only 78 sponsors. The key ingredient for the NCAA Tournament to generate nearly three quarters of a billion dollars is passion. Collegiate fans are the most passionate of all sports fans and they are comprised of mostly individuals ranging from ages 18 to 34.

CBS and Turner Sports have capitalized on the growing opportunities to make a profit from the NCAA Tournament. They signed a deal to televise the tournament for $10 billion through the year 2024. Both CBS and Turner Sports realized that the tournament is the second most profitable sporting event behind the NFL Playoffs and continues to prosper. A thirty second television spot for the NCAA Tournament Final costs roughly $1.2 million. The key ingredient for advertisers is the fact that the NCAA Tournament last three weeks and gives them more face time with their potential consumers.

The three main sponsors of the NCAA Tournament are AT&T, Coca-Cola, and Capital One. They each spend millions of dollars to have their companies all over television commercials, but none of them pay as much as General Motors for advertising during the tournament. Backed by their corporate sponsor Buick, GM spends $57.9 million on advertising for the NCAA Tournament. In terms of public sentiment, the Final Four of the NCAA Tournament ranks second in major sporting events behind only the Major League Baseball World Series. This signifies the importance of the Final Four to not only people associated with the specific universities participating in the two national semifinal games but also collegiate basketball fans across the United States.

The downside of the NCAA Tournament is that the awareness and avidity of the event is only half of the Super Bowl. While the Super Bowl has the potential to reach 86.6 million individuals through marketing, the Final Four only has 43.8 million potential customers. However, this has helped smaller companies such as Buffalo Wild Wings, Southwest Airlines, State Farm Insurance, and UPS devise marketing campaigns to promote their products during NCAA Tournament games.

The marketing and sales implications of this article are that the NCAA Tournament is one of the largest sporting events in the United States and there are opportunities for many different types of sponsors to become involved during the tournament. Although it doesn’t reach as many customers as the Super Bowl, the NCAA Tournament allows for smaller companies to advertise their product or service to potential customers. It is likely that the NCAA Tournament will continue to grow because of its popularity and it should continue to rake in large sums of money from sponsors. With the NCAA Tournament concluding this past Monday, it will be intriguing to view how successful corporate sponsors and other sponsored companies were with generating sales.