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Study Hall (Episode 5): The Attention Merchants 4/5

0s · Study Hall · 12 Aug 17:58

Happy August, Study Hall-ers! 

Well, we're almost to the end of the estimable book, The Attention Merchants.

In part 4, we learn about the rise of the "Kardashian Kulture" and get into it a little over what we've done with the amazing attention-gathering machine we've built ourselves. 

I've pretty much avoided dealing with the ethics of modern attention merchandising and (more precisely) advertising until now, and this section of the book seemed like a good place to do it. 

This time, we're turning the comments on, so go ahead and leave a reaction/opinion.

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This is a pretty scary book—Ken Auletta catalogs the rot in the ad industry, starting with the rebate fracas that broke out at the (now-infamous!) Association of National Advertisers meeting in 2015.

Why’s it so scary? Well, for one thing, it lays bare long-standing, unsuccessfully-addressed problems with the business model on which the ad agency operates. And it explains a lot about why agencies have been struggling with everything from client service to profitability, to pricing, to talent, to working conditions.

…and that’s not even the really scary part. The REALLY scary part is what happens to an advertising income-supported culture if/when advertising income goes away.

So, if you have a problem with feeling too optimistic about the future, or slacking off at work, read this book and meditate on the future. It’ll fix that for you. And make you a more wide-awake, effective professional.

As far as things I wish were different: It’s a less scholarly work that The Attention Merchants, there’s a LOT of reliance on the point of view of one person (Michael Kassan), which leaves you looking for a wee bit more balance at times (or maybe that the bad news would stop). None of these quibbles dim the books appeal, though. Just keep them in mind…

Links for the show:

Ad Age article: Good summary of the rebate issue, and gives you a sense of how the story developed before 2015

MediaLink website: Worth checking out!

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