The skin(s) game with Tiger
The Tiger Woods story is officially spiraling out of control. So, too, it seems is his marketing value, his public image and the media coverage of him. But certain people not named Tiger are raking in the dough.
Take Yahoo, for example. CEO Carol Bartz says Tiger made the company’s quarter. From Ad Age:
“God bless Tiger,” she said to a group of analysts at the UBS Global Media and Communications Conference in New York today. Consumers who seemingly can’t get enough of his reported extramarital affairs have helped drive big traffic surges to Yahoo’s front page, as well as its news, sports and gossip sites…
Ms. Bartz said that interest in the Tiger Woods story has even exceeded that of Michael Jackson, who died in June.
Asked if all the fuss surrounding Mr. Woods would help “make” Yahoo’s quarter, Ms. Bartz replied, “Oh, absolutely. He already has.”
Meanwhile, on Wall Street, folks are trying to make a buck or 20 on the Tiger story. They’ve turned it into a bet. I hear the over/under on the number of extra-martial affairs in up to 24, now that 11 women have come forward.
The 33-year-old golfer’s ranking on a list of celebrity endorsers plunged to 24th from 6th, based on the Davie Brown Index, which marketers and advertising agencies use to gauge the ability of personalities to influence consumer behavior.
Although, Bloomberg points out, stock investors aren’t punishing the companies Tiger’s associated with. Yet. For a while it looked like those advertisers would ride out the storm and stick with Woods. I’m not sure that’ll be the case anymore, with stuff like this out there now.
Perhaps most disturbing of all, is the media coverage, especially overseas. Why do I have the feeling this is the future of TV news in this country?
If you can’t get enough, there’s more at Clusterstock.
Marketplace is on a mission.
We believe Main Street matters as much as Wall Street, economic news is made relevant and real through human stories, and a touch of humor helps enliven topics you might typically find…well, dull.
Through the signature style that only Marketplace can deliver, we’re on a mission to raise the economic intelligence of the country—but we don’t do it alone. We count on listeners and readers like you to keep this public service free and accessible to all. Will you become a partner in our mission today?