Thank goodness the media monitoring industry isn’t regulated by the FDA. They would probably make companies actually back up the claims they make in their advertising.
I’ve always found it interesting, for example, that every single media monitoring service monitors the most publications in the industry. You would think by definition that only one company could hold that honor, but not so!
Who really has the most sources?
ImpactWatch. I was going to make you wait for it, but I knew you just couldn’t. Really, any platform like IW that doesn’t limit the integration of content ultimately offers the most monitored publications.
Source availability is complicated in this industry. Some companies limit source number based on your monthly plan, some on whether the publication is public, some use secret algorithms to determine which sources to search for your news.
Another issue is the timeliness of new source integration by media monitoring companies that create their own data feeds. New blogs, forums, online news sources and social media platforms can be created at any moment. How long do you have to wait to start searching them for your coverage?
We avoid most of these issues by partnering with pretty much any content provider there is. If they make the coverage digital, we can put it in your ImpactWatch. And since they are professional, dedicated feed providers, they focus on offering the widest and most up-to-date source lists available.
Leaving us to focus on what we know – making cool web-based software.
What sources do I care about?
I really should have added this to the last Media Monitoring 101 installment. But I forgot, so I’m looping back.
In addition to figuring out what publication types (print, broadcast, online, SM) you want to monitor, you should also identify your top publications.
This is usually fairly easy. You want to take a list of important outlets that are talking about you now and add to that the list that you want to have talking about you in the future. These are the sources that you will verify as being offered by your media monitoring service.
Tangent: a neat thing we do for clients with this list is divide your coverage into tiers of importance.
As an example, we have a client who gets mentioned – just between print and online news publications – 30,000 times per month. It would be extraordinarily costly to have humans read and analyze every single one of these mentions. But the client still wants subjective analysis on their most important coverage.
So, the ImpactWatch system divides their coverage by importance. All mentions from their top publications are routed to human analysts, while the remainder is processed and tagged using computer automation.
How do I make sure my sources are covered?
Take the list you just made. Email it to your current/potential media monitoring service. Tell them you want to know which are covered. The company should be happy to provide you with availability.
What if my sources aren’t covered?
Find out if the source offers a digital version.
No – Some niche trade publications are literally only available on paper. Not a single media monitoring company can get these for you automatically. However, some offer the option of receiving your paper copy, analyzing and digitizing it for you. If you are a highly specialized or industrial company, this might be an issue for you.
Yes – Ask the monitoring services that you are using/considering if they can add your missing publications. Often, that’s all it takes.
If you are missing many of your top publications and your monitoring firm can’t make them available, email your list out to other firms to compare offerings. This should tell you if you have a tough list or if your service just isn’t up to par.
How many sources does ImpactWatch offer?
Millions. Certainly tens of millions. Possibly hundreds of millions.
But it’s unlikely that your company will be mentioned in more than a few thousand of these, so make sure we cover the ones that you need!
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Photo Credit: Benjamin Rossen