Campus Media Group began in 1996 as an advertising business for college newspapers. The company, just like the industry it served, has been forced to evolve over its 19-year history. Chief Operating Officer Jason Bakker has seen nearly all of the changes. Bakker started working for the company as an intern shortly after the firm (then called FuturePages) was founded by a University of Minnesota student, Tom Borgerding. Originally, the plan was to create the first-ever online publishing platform for college newspapers, but advertisers were still seeking traditional placements, like newsprint banner ads. At its peak, the company saw 86 percent of its revenue come from college paper advertising. When the digital information age arrived, it came with fury. The company struggled from 2008 to 2013, but at the beginning of 2014, revamped itself.
Q: Contrary to the common newspaper narrative, you actually started as a digital company but were forced to work in the print world for a while due to demand. What happened there?
A: Our original service was to create a template for college newspapers to use online, but the ad agencies weren't ready for online advertising. We were too early. They kept wanting a full-page ad in the newspapers. So that's when we started collecting the rates and data on all college papers across the country. At the peak, our database included nearly 2,000 newspapers nationwide.
Q: But that quickly changed. What was that experience like?
A: We saw a lot of success with college print for a lot of years. And we were the leader in college newspaper rep firms. And then we started seeing this decline, a 46 percent year-over-year decline from 2010 to 2013, and our clients just weren't asking for print anymore. They wanted digital and they wanted mobile. We knew that was coming, so we had positioned ourselves with other offerings, and we bolstered our college marketing arsenal.
Q: What's different about college campuses and how does that impact your job?
A: Campuses are not set up like Times Square. You have to get creative in where you place your messaging in order to reach students. We do take our cues from mass market media, but then we try to apply that to a campus environment. The media landscape is always changing and if that rate of change outside is faster than what's happening inside your organization, then you are dying as an agency. Marketers are typically all putting on the same toolbelt, but we are just doing it on a college campus through more pinpoint targeting, more unique media that's custom made.
Q: How are college students different today than previously?