Most leaders think they set the priorities, but what actually sets the priority inside an organization is what the leader pays attention to.
Speaker BAttention determines the priorities.
Speaker BGiving the why before the what.
Speaker ABob McEwen is the executive vice president and chief revenue officer of Clear Channel Outdoor, one of the largest media companies in the world, responsible for billions in brand attention.
Speaker AHe spent decades inside the attention economy, from radio to sports media to some of the most valuable billboards on earth, including Times Square.
Speaker BBrands aren't buying media, they're buying attention.
Speaker AAnd that insight changed how he thinks about leadership.
Speaker ABecause inside an organization, attention doesn't just drive marketing, it drives energy.
Speaker BWhere I place my attention determines the organizational energy.
Speaker AIn this conversation, you'll discover why leaders accidentally create chaos without realizing it.
Speaker AThe communication rule that great leaders borrow from billboards and the leadership habit that determines what every team actually does.
Speaker BIf everything's important, nothing's important.
Speaker BLet's get those priorities.
Speaker AIt's time to lead the team.
Speaker AWelcome back to Lead the Team.
Speaker AI'm your host, Ben Fanning.
Speaker AAnd this conversation that you're going to hear is meant to challenge, inspire, and ripple out.
Speaker AIt's not just a podcast.
Speaker AIt's a positive movement to build better leaders.
Speaker AAnd you can help by taking just 10 seconds to rate and follow on Apple, Spotify and YouTube and drop a quick review over on Apple.
Speaker AThis helps more bold leaders discover the show and keeps the mission alive.
Speaker CEnjoy.
Speaker CBob McKeown, Chief Revenue Officer of Clear Channel Outdoors.
Speaker CWelcome to lead the team, sir.
Speaker BThank you, Ben.
Speaker BGreat to be here.
Speaker CBob, you've spent decades in what's basically the attention economy.
Speaker AMost leaders think they set the priorities
Speaker Cby what they say.
Speaker CBut you've argued something different, that attention
Speaker Adetermines the priority inside an organization.
Speaker CWhat do you mean by that?
Speaker BWe need to have clarity on what the priorities are to get the attention we need.
Speaker BI talk a lot about, and I was just with our teams this, this past week in Miami talking about context, leadership, giving the why before the what.
Speaker BAnd that is something that I've learned over the years, that the why.
Speaker BLet me talk about why this is important to the company, to you, your role.
Speaker BBefore I say we have to sell this thing or do this thing or whatever it is.
Speaker BThe why before the what is something that's important.
Speaker BThat's just that context.
Speaker BAnd that also gets to the authenticity of leadership.
Speaker BLike if, if you can explain that to, to someone, they're part of something much bigger.
Speaker BAnd I, I've learned that that is really how we get people moving forward.
Speaker BAnd I, I really think that that the, the, the priorities are kind of, that come from that.
Speaker BAnd look, if everything's important, nothing's important.
Speaker BSaying, I use that a lot of things.
Speaker BAnd I think that, you know, look, we are, we have in our company and previous companies a number of initiatives.
Speaker BAnd I always try to boil it down to, okay, let's, let's get those priorities and how do we communicate that?
Speaker BIf I'm on the other end of a meeting, like, play that back for me.
Speaker BHow did I hear that?
Speaker BAnd that's always a thing.
Speaker BSo that's a little bit of how I think that, you know, we should be thinking about prioritization.
Speaker BAttention, where I place my attention determines the organizational energy.
Speaker CSo, Bob, brands spend billions of dollars every year trying to capture just a few mere seconds of attention, AKA the Super Bowl.
Speaker CNow, you've spent your entire career inside businesses building around just that, from iHeartMedia to Clear Channel Outdoor.
Speaker CWhen did it first click for you just how valuable attention really is?
Speaker BYeah, no, it's a great way to start, Ben.
Speaker BLook, I think it was earlier in my career I had a vision of how media was traded.
Speaker BI got into a national training program in New York City where I was selling radio stations, and it was all numbers based at the largest holding company.
Speaker BTremendous experience.
Speaker BAmazing.
Speaker BThis is Katz Media.
Speaker BThey had a fantastic training program that gave me one side of it is how to compete in sales, how to position ratings, and so forth.
Speaker BBut then I pivoted and I moved to Chicago and I got local experience.
Speaker BAnd what I got then was the understanding of how those commercials that I was selling back in New York City actually landed with the brands.
Speaker BSo I worked locally in Chicago, and it was fascinating.
Speaker BAnd what I realized quickly is that, you know, brands aren't buying media, they're buying attention.
Speaker BAnd when you get farther down to the actual, what I'll call kind of that end user, right, the, the person that's on the, that's responsible for the ad at their people showing up to their dealership.
Speaker BIt was all about attention.
Speaker BThey didn't think about Nielsen rating or the stuff I was hand to hand combating in, in New York.
Speaker BIt was, yeah, that's great about your ratings, but I really care about sales and roi.
Speaker BSo what it got to point was like, how does my brand stand out on your medium?
Speaker BRight?
Speaker BAnd that's what I, I learned pretty quickly at a young age when I was fresh from New York into Chicago, that, you know, they buy attention, not media.
Speaker BAnd that was a tremendous learning that kind of helped me in my career.
Speaker CYeah, it's so funny too.
Speaker CI'm thinking about attention.
Speaker CThink.
Speaker CI'm thinking about ready.
Speaker CThink about listeners.
Speaker CBut no, it's different.
Speaker CLike you can be listening to the radio, but it doesn't mean it has your attention.
Speaker BThat's right.
Speaker CSo it's like multiple levels.
Speaker CHow do you think about that from attention, like listeners versus actual attention.
Speaker CAnd what's the value difference there?
Speaker BYeah, no, it's.
Speaker BIt is.
Speaker BIt has changed tremendously, right, where.
Speaker BWhere new media is now or social media is versus where traditional media was just back in those days.
Speaker BIt's changed tremendously.
Speaker BBrands could buy, you know, a TV ad nationally and ensure some version of attention.
Speaker BRight.
Speaker BPeople weren't skipping through it.
Speaker BTechnology has put the crawl control back in the consumers.
Speaker BAnd I think that's been a big pivot.
Speaker BAnd I think that, you know, as you know, later in my career, in the last 10 years at Clearchill on the outdoor side, I'm fortunate to get into an industry where, you know, Ben, I mean, on average, I think it's like a million people go through the Lincoln Tunnel every day.
Speaker BRight.
Speaker BAnd they're stuck in gridlock traffic and they cannot escape.
Speaker CThey cannot escape even beneath.
Speaker CYeah, you can be sitting in your car beneath the Hudson river in the Lincoln Tunnel.
Speaker CIt's so creepy.
Speaker BGoing nowhere and you've got in that traffic that you're stuck to.
Speaker BYou get there, you see.
Speaker BYou know, we have a couple of our displays right there that are captivating that people are probably frustrated at the time by staring out their window and then they get through the tunnel.
Speaker BThey may see a bus here and there, you know, but that media in real life, right.
Speaker BThat human experience is so powerful and that is a pretty big pivot and that does command attention.
Speaker BThat is something where I think the out of home industry has a tremendous advantage over some of the other kind of call it traditional media options.
Speaker BSo it's a, it's exciting thinking about
Speaker Cthat time when you went from New York, Chicago and had that realization.
Speaker CWhat really I'm trying to like, what was there a moment beyond that even where you really committed to this industry?
Speaker CBecause I mean, it's, it's been a industry that has changed so dramatically over the years, even over the last year.
Speaker CAnd why not like get out of this business all together?
Speaker CBecause, like, man, this is too much change.
Speaker CIt's too crazy.
Speaker CIt's.
Speaker CIt's nutty.
Speaker CAnd you just doubled down and kept rising through the ranks.
Speaker CYeah.
Speaker CDespite all the, all the, all the changes.
Speaker CWhat is it about it?
Speaker COr was There a moment that really hooked you.
Speaker AYeah.
Speaker BSo, you know, look, I, I think for me, you know, one of the, the pivot to Chicago, then ultimately know to Boston, back to York and you know, was I saw how local media at that time I was on the radio side, you know, really could deliver results for, for clients.
Speaker BAnd, and what I loved working with was working with my teams, leading them through, in essence, solutions, solution based selling, you know, thinking about, you know, not about what we need to sell, but what they need to move on their end.
Speaker BAnd to me, that was a passion.
Speaker BIt still is.
Speaker BAnd, and you know, when I talk to my teams today, I talk about how we begin a conversation with a needs assessment and it is really about the customer, it's not about us.
Speaker BAnd I think at that time the reason I stayed in it is, you know, local radio at that time and then sports sponsorships on the radio as I move forward really allowed us to have that connection.
Speaker BWe had, we had a number of, we were in Chicago.
Speaker BIt's great.
Speaker BI was thinking about this just this morning.
Speaker BYou know, a number of the big programs we did that we could break through with marketers had little, little ratings behind it, so it didn't show up on that ranker.
Speaker BBut it connected, had resonance, it had impact.
Speaker BAnd we did work with Mike Ditka you did work with at the time, it was Walter Payton and Gail Sayers icons that we would build sponsorship packages around that were driven by radio.
Speaker BAnd it would work, it would be really effective.
Speaker BSo I could see the results, I guess, to answer your question.
Speaker BAnd that's what kept fueling me.
Speaker BAnd that, that got me to my team in Boston where I ran, you know, along with my partner, both, you know, the largest sports radio station and sponsorship team with the Red Sox.
Speaker BAnd it was the same thing.
Speaker BIt was that passion that I had for the results in the creativity I could use and the bringing the marketing solutions to bear that wasn't as easy on the national side.
Speaker CDo you have an example that you could share with us or like a case study that you worked on where, hey, this thing didn't show up in the Nielsen ratings.
Speaker CBut you know what, it ain't all about the ratings.
Speaker CIt's about the results.
Speaker CAnd check this out, like I said, like where that really set out for you?
Speaker BYeah, so we had a number of programs in Boston that come to mind as we think about it back in this, this is kind of mid 2000s, early early 2000s in Boston.
Speaker BAnd we were working as the flagship radio station for the Boston Red Sox network, and we would build programs.
Speaker AWow.
Speaker BSo great.
Speaker BYeah, it was really cool to integrate now.
Speaker BNow, here's what's even cooler too, Ben.
Speaker BAnd for me, I'm from Boston, so for me, this is like, you know, guy moves to New York, Chicago, I'm coming home.
Speaker CAnd, like, I can get paid to listen to the Red Sox and think about how more people can listen to the Red Sox with me.
Speaker BIt is so true.
Speaker BSo one of the first things you get when I moved there, Ben from Chicago, as fortunate to have the role I went, they said, we need to get your ID for the building, which is common.
Speaker BFill out your forms, and then you have to go down to Family park and get your ID to get the stadium.
Speaker BAnd growing up in Boston, you know, as my dad was alive then, and he was, he was like, this is the greatest.
Speaker BMy son has made it.
Speaker BHe has a past at Fenway Park.
Speaker BBut.
Speaker BBut.
Speaker BBut I saw the power of that brand.
Speaker BAnd we would talk about fan loyalty as brand loyalty, right?
Speaker BThat was like a big buzzword, we would say.
Speaker BAnd we had a number of programs that we would build that would build on the equity that the fans had with that broadcast.
Speaker BWe used our broadcasters.
Speaker BWe did a number of programs with heart, local hardware stores that would call out features within the games and then drive back to redemption in support of our radio.
Speaker BAnd it was powerful.
Speaker BAnd again, they kept renewing, and it worked.
Speaker BSo that was a good experience.
Speaker BI mean, what I loved about that was the ability that my team had to be very creative in the programs we built.
Speaker BAnd that was something that I definitely thrived on.
Speaker CSo it was like you were building, like, fortifying the whole Red Sox ecosystem with the local merchants that maybe they don't get.
Speaker CThey don't get a lot of press, right.
Speaker COr they don't really have a direct channel for marketing.
Speaker CBut it sounds like locally there you did have a way to do that.
Speaker CYou were able to get creative with your team and think through that and make it beneficial.
Speaker BAnd the other thing on it, too, Ben, was, you know, radio at that time was very efficient, right?
Speaker BIt was very affordable.
Speaker BIt was reachable for a lot of clients.
Speaker BWhereas the production costs, if you wanted to in game, Red Sox or Yankees, wherever your pick, favorite team was very expensive.
Speaker BBariatric is pretty high.
Speaker BWe could produce a spot and then we could activate it because we had assets in the stadium.
Speaker BAnd one of the coolest things that myself and one of my former colleagues, Jim Rushton, he's the chief revenue officer for the Commander Style.
Speaker BHe Went out to.
Speaker BDid some really great jobs in the NFL.
Speaker CCool.
Speaker BYou know, we would, we would go and we would.
Speaker BWe would send the play by play spring training, like right now, we'd send a spring training.
Speaker BA list of our spring training prospects that were just on that bubble.
Speaker BWe had to close and we knew we had to close them before spring training ended.
Speaker BWe send it to the play by play host as Joe Castiglion.
Speaker BHall of Famer Joe Castiglion.
Speaker BWe get it.
Speaker BAnd we would say, joe, just call these folks after hours.
Speaker BBack in the voicemail.
Speaker BLeave a message on the business owner's voicemail.
Speaker BTell them how excited you are to.
Speaker BYou could be calling their name.
Speaker BAnd I'll tell you, Ben, it was magic.
Speaker CThat was like our close because they knew his voice.
Speaker BThey knew his.
Speaker BThey're playing for people in the office, Ben, and they're like, oh, you know, you had to hear this Ben joke.
Speaker BStiglione, call me.
Speaker BSo that was fun and that was such a great experience.
Speaker BAnd just, just as we move off of that, you know what I learned beyond the creativity and the power of the brand and was how important we built something band.
Speaker BI mentioned my friend Jim.
Speaker BWe mentioned the team that we built there and we hired them, a lot of them from the ground up.
Speaker BFive or six of them have gone on to be executives in the NFL.
Speaker BYou know, we've got CMOs, we've got people who are C executives, and they all started buying into that vision we had.
Speaker BIt was a shared vision.
Speaker BYou know, this is a special moment.
Speaker BLet's capitalize, work hard, let's have fun.
Speaker BAnd it was amazing.
Speaker BAnd again, these are all people that started their career on this team.
Speaker BAnd I'm really proud of that legacy that I was part of that with my partners that we have around the world.
Speaker BAnd we just keep in touch.
Speaker BSo it's very cool.
Speaker BI pivoted from that into the leadership legacy piece because I think that's really super cool.
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Speaker CWhat are the lessons from the billboard world of Times Square that Leaders can apply to their own leadership, communication style, attention, you know, you've seen it from so many different directions.
Speaker BYeah.
Speaker CSo I think what are some cross pollination ways to, to take away from that?
Speaker BYeah, I think the, the first thing I would say is and I'm going to take a step back just for a quick sec on an out of home creative.
Speaker BIt's six or seven words is kind of what we say.
Speaker BIt's a clear, concise message you put on a billboard and then you can take that down where the product is the hero.
Speaker BYou don't want someone driving by saying well I don't know what that was.
Speaker BI need to understand was an interesting message.
Speaker CBut what was that?
Speaker CIt got my attention, but I don't understand it.
Speaker BExactly.
Speaker BAnd I think if you think about designing for a roadside, you know, environment of billboard, you're in Dallas, you're driving around.
Speaker BThat is the kind of common practice of seven words or less.
Speaker BAnd then I think the key on this is how do you take.
Speaker BBecause people are on journeys.
Speaker BIf I'm in New Jersey and I'm driving in and I work where I work in New York, I go through Times Square, I pass billboards along the way.
Speaker BI get there.
Speaker BIt's almost like this multi touch amplifier.
Speaker BI need to see some resemblance of the creative I just saw Coca Cola does a creative for a holiday campaign.
Speaker BIt should look similar in Times Square.
Speaker BThe execution can be different because you've got video but it should look similar.
Speaker BYou say oh yeah, that's right, I saw that along the way.
Speaker BBecause frequency and out of home is incredibly powerful.
Speaker BBut I would say that, you know, don't think like you take a social, don't take your Instagram video.
Speaker BRight.
Speaker BAnd just immediately think that fits on a, on a large scale massive.
Speaker BWhat doesn't?
Speaker BYou know, spend the money, spend the time, think about the environment.
Speaker BYou know, using QR codes in that environment because they're pedestrian, you can do that legally versus obviously driving a car is powerful but what are they going to.
Speaker BRight.
Speaker BWhat is the redemption on it?
Speaker BI do think in Times Square one of the innovations has been this 3D anamorphic which you can make a billboard look like it's 3D without glasses or anything.
Speaker BIt's.
Speaker BIt's powerful.
Speaker BSo I think again designing for the, for the environment I think is critical.
Speaker BThinking about the video.
Speaker BDon't just repeat purpose video and up there and making sure it looks like the same campaign.
Speaker BSome of the things I would say
Speaker Cthinking about your career, Bob, what's the biggest leadership Lesson your career has taught you
Speaker Awell.
Speaker BI think, I think, you know, when you get hosted earlier today, we're thinking about my early days in Chicago.
Speaker BYou know, I think that the, the first thing I, you need to remember is, you know, you are the, you're the leader, right?
Speaker BYou are, you're, you need to create bias.
Speaker BThere's two things I'd say.
Speaker BOne is, one is you need to hire great people and give them room to move, be, be successful.
Speaker BI mentioned my time in Boston.
Speaker BI think the, you know, the, the, the first thing I would say is that you, you, you then when you start, that's really hard because I want to be involved in everything.
Speaker ARight.
Speaker BAnd I think that's where the people come in.
Speaker BMy greatest lever was hiring great people.
Speaker BHas always been giving them the rules, the guardrails and move forward.
Speaker BI think when I started out, the lesson is, you know, not everybody works like me.
Speaker BRight?
Speaker BThat's it.
Speaker BAnd, and I think that's fine.
Speaker CGet so simple, but it's easy to forget.
Speaker CThat's the way I do things.
Speaker CWhy aren't you doing his way?
Speaker CNo, I'm different.
Speaker BExactly.
Speaker BAnd I think that, you know, for me the key was learning.
Speaker BThat was a little hard because I, early on I jumped into every decision and I didn't trust my people.
Speaker BI undermined my people.
Speaker BAnd that was something that I evolved over the years to say, hey, look, trust yourself, trust your people.
Speaker BAnd then, you know, and then you'll, you'll, you'll succeed.
Speaker BAnd I do think, I think that the, you know, people want to know that you're in it with them.
Speaker BAnd I think that you get out of your office, show them that you understand, get to know them.
Speaker BI mentioned I was in, I was in Miami last week.
Speaker BWhat a market visit.
Speaker BMeeting with our teams, myself, my CEO.
Speaker BAnd the first thing we did, we did two things.
Speaker BFirst thing is we met with our team.
Speaker BWe did an all hands meeting.
Speaker BEverybody from installers to sellers to marketing people.
Speaker BWe talked about their business, we heard from them, we listened.
Speaker BAnd then we went out and saw customers with the CEO of our company.
Speaker BAnd it was great.
Speaker BEverybody from agencies to attorneys to local customers.
Speaker BAnd for me, if I don't put myself in front of customers and I don't really sit in front of my team and understand what they're up against, I'm not going to be successful.
Speaker BAnd early on, that was a lesson I, I learned.
Speaker BEarly on I was behind a spreadsheet and I was doing my stuff and I was maybe barking a command or Two out.
Speaker BAnd I think I've grown on that.
Speaker CSo you mentioned hiring great people.
Speaker CHow important that's been for you?
Speaker CWhat questions or processes or things do you look for to make sure that you're getting the great hires?
Speaker BYeah, yeah, look, I think that's, that is the, the big question.
Speaker BSo it was a couple things we do.
Speaker BSo we have assessments, we, to identify underlying talents.
Speaker BRight.
Speaker BAs a company.
Speaker BAnd that's, that's there, that's helpful.
Speaker BThat's, you know, think about it like a strength finder.
Speaker BSo we use that.
Speaker BBut I think the dialogue for me is always critical.
Speaker BHow do you work?
Speaker BTell, like very simple question, Ben, about, you know, tell me about your, you know, someone new to the business.
Speaker BTell me about your, your pursuit of this job.
Speaker BYou know, tell me more about how you work, how you think.
Speaker BI'm sure they went to a terrific school.
Speaker BThat's great.
Speaker BI got that.
Speaker BBut, but some of the best people I've hired, most successful people are people who had to scratch and claw and hustle and they applied that to the work.
Speaker BSo, so getting a little more narrative about them, the person and how they work always pays off for me.
Speaker BAnd I think that's kind of moved forward.
Speaker CIt's the stuff you can't get on a, on a resume and world of AI and filters and having all these, you know, third party hiring companies.
Speaker CIt's a real risk for leaders, especially when you're hiring at scale like you guys are.
Speaker CIt's like, man, it's so easy to just, you know, just hope that they're the right person and make it sounds like you're making the time to really get to know them and dive into their background as a human.
Speaker BAgreed.
Speaker BAnd I think the, you know, as I, as I elevate up in my career as a CRO, I have teams that do that.
Speaker BSo, you know, how can I help teach them some of these things?
Speaker BI learned that's the key because I'm not going to be able to meet with all the people they hire.
Speaker BBut I say, you know, the, the biggest thing, you know, on the hiring is, you know, you, you get it right.
Speaker BWe know the answer.
Speaker BThat's great.
Speaker BYou get it wrong.
Speaker BOn a team environment that can be really dysfunctional and you know, whether it's the, you know, good to great, which I think is a terrific book.
Speaker BRight.
Speaker BFirst who, then what.
Speaker BI believe in that and I really believe, you know, I've had leaders say to me, hey, this is, this is what we're going to do.
Speaker BAnd I'm So, okay, let's talk about your team first, and let's go to the first two then.
Speaker BThe what?
Speaker BAnd again, they get the people in the right seats and off the bus because getting them off the bus is.
Speaker BIs not easy.
Speaker BAnd you need to be, you know, you need to be thoughtful, you need to be, you know, as careful as you can.
Speaker BBut if they're not in the right seat, if not doing the right role, then you're never going to be successful.
Speaker BSo making sure we get that right is.
Speaker BIt's one of the big things that I work with our teams on right now is the team dynamic and identifying that talent and then putting them in the right seats and giving them that room to root and getting our managers out of the way.
Speaker BYou know, that's the big thing.
Speaker CWhat part of leadership has been the hardest for you personally?
Speaker BSo I think that.
Speaker BI think it is certainly over the last 10 years or so, it's the impact of some of the decisions that we make that I have to make.
Speaker BAnd I think it's, you know, the right decisions for the company that I'm tasked with doing have personal implications.
Speaker BAnd I think understanding that and, you know, I, I do my best to treat everybody fairly.
Speaker BI think that context and the consistency and the clarity is important, but that's been hard.
Speaker BWe've had some tough decisions that, that have.
Speaker BWe've had to make as a company that I've had to make.
Speaker BAnd that's been.
Speaker BThat always is tough because people are at the core of our business.
Speaker CSo how do you approach the.
Speaker CWhen you're making.
Speaker CLike, it could be restructuring, it could be layoffs, it could be even promoting people in areas where they're going to struggle or.
Speaker CBut you got to have them or you're hiring external.
Speaker CThere's so many ways you could do it.
Speaker CI love how much detail you could give us, but, you know, whatever that is and then how you personally go about making those decisions, because every single leader is going to have those.
Speaker BYeah, I, It's.
Speaker BIt's really hard.
Speaker BYou know, I've been part of the great financial crisis, for example.
Speaker BWe made a pretty dramatic change.
Speaker BThis is when I was on the radio side, and we had to scale back our sales team by like 30%, our leadership by 30%.
Speaker BAnd that happened in a, In a, a, A pretty quick turn.
Speaker BAnd, you know, I, I think where we originally approached it, it was very personal.
Speaker BI had our leaders together and we started looking at the performance and hey, and, and, you know, I, I got back to, we have to run this business.
Speaker BRight.
Speaker BSo let's try our best to not make it personal.
Speaker BLike, let's, let's.
Speaker BPersonal is going to come into this because they're, they're people we have relationships with.
Speaker BBut let's think about the business and then let's talk about the people.
Speaker BAnd I think the more you communicate, the more context you provide our teams, even in that moment, which is really, really hard, we did provide as much of the why versus just the why.
Speaker BPeople that were impacted, we tried to do our best to do that.
Speaker BI think that was very, very hard.
Speaker BBut I do think it's, it's going through.
Speaker BYou know, certainly data will help you make these decisions.
Speaker BBut thinking about coverage, thinking about fit, thinking about people who do the role, and then not just today, because one of the things that I think a lot about is everybody can run a checklist.
Speaker BI need to do this.
Speaker BWhat we have to do is think about, especially in out of home and in advertising, where's this business going to be in, in two years, three years, five years?
Speaker BAnd am I staffing my team and building a team to get to that?
Speaker BI'm meeting my customers where they are.
Speaker BSo the part that you push on is, and I remember these moments now you're bringing this back to me.
Speaker BWe thought about the business today.
Speaker BIt was a great financial crisis.
Speaker BAnd I said, guys, this world's going to look very different coming out of this.
Speaker BSo we have to push ourselves to say how do we build a team to be successful in that environment?
Speaker BAnd knowing that we're going to have to make these tough decisions, we're down and that took a while, but we got there.
Speaker BAnd I think that's, that's a big part of it is not just thinking about the job today and the role we have, but where does this company need to go?
Speaker BAnd, and that's, that's what I try to land.
Speaker BI want to go through those.
Speaker CYeah, it's so important to think about in those moments.
Speaker CI can see it's like, hey, we got to make the decisions right now for the business to keep this thing going based on the reality we face.
Speaker CBut it sounds like one of your anchors is the vision for how the company's going to be.
Speaker CBecause if you trim back people or technology or investment so much for what could be a short term challenge, you're not going to be prepared to go the distance when things go back, come back because you won't have the infrastructure, be able to do it.
Speaker BThat's right.
Speaker BYou look at right now, Ben, what's going on in our, in the advertising ecosystem.
Speaker BSo if you've got a pick the number a third of consumers using an ad blocker, right.
Speaker BYou know, or more 50% of digital ads or bots.
Speaker BNow you talk about AI where most marketers have been focused on using, you know, search as their kind of lower funnel KPI they buy now that 66% of all searches are coming back with zero results because of AI.
Speaker BI need my team thinking differently about the opportunity for out of home that is not impacted by any of that.
Speaker BBut we have an opportunity to build brands.
Speaker BSo I'm literally in the middle of this with my team retraining the team.
Speaker BSay, hey, here's how you have that conversation.
Speaker BDon't say out of home is going to fix that.
Speaker BSay, hey, I understand you're going through that.
Speaker BWhat if we could build your brand recognition so much you didn't have to rely on this because it'll be something with AI will come back and the smart people over there will figure out, monetize it.
Speaker BBut right now it's pretty disruptive.
Speaker BAnd I have to think about two, three years down the road.
Speaker BWhat are my teams talking about?
Speaker BWhat tools do I need, what resources do I need?
Speaker BSo that's the visioning thing.
Speaker BAnd, and I think as a leader, that is the mentality you need.
Speaker BI, I think about it like I used to.
Speaker BI talk a lot with my teams about go to the balcony, right, to look down on our business.
Speaker BI tell them all the time to break tired if they hear go to
Speaker Cthe balcony, go to the balcony.
Speaker BSo like in, in we're in the business, not working on the business.
Speaker BI'm like, hey, let's go to the balcony.
Speaker BLet's look down on this problem.
Speaker BLet's think about this.
Speaker BAnd then we'll get back down from the balcony and we'll, we'll do the pieces together.
Speaker CI like that.
Speaker CIt's like imagine yourselves in that position to shift out of your mindset.
Speaker CIn fact, I've heard it reminds me is like some leaders will say, hey, we're not having our staff meeting here today.
Speaker CWe're going to a different place to have it.
Speaker BRight.
Speaker CThat's right.
Speaker CYou know, just, just to move.
Speaker CSometimes you got to physically remove yourself from the situation.
Speaker CMentally you can't get there.
Speaker CAlways you're thinking the same thoughts, the same routine, the same meeting in the same place.
Speaker CAnd shifting to the balcony or the literal balcony can help you think about the problem differently.
Speaker CAnd it's amazing we don't have a ton of Time left.
Speaker CBut your, your industry is so interesting because with the world so digital in so many ways and businesses focus so much on buying ads on for phones and social media, the physical world is probably overlooked more than it should be.
Speaker CAnd I think there may be an acknowledgement now that the way and it sounds like you're there too.
Speaker CLike our business is about.
Speaker CPeople are about to start emphasizing the physical world, advertising a lot more because we're so inundated digitally.
Speaker CHow do you see yourself as a leader in this space?
Speaker CAnd if you're going to read the tea leaves, how are these going to look from the balcony a few years from now?
Speaker BYeah, I think what's going to happen and I see this from the conversations I have with our marketers, the national marketers.
Speaker BThere's a tremendous lean into out of home.
Speaker BBut what comes from that, if they're shifting, for lack of a better term, some digital dollars to out of home.
Speaker BWhat we have been working on and what we have now and the industry is evolving is there needs to be measurement capability.
Speaker BSo you know we're always going to be one to many.
Speaker BAnd I think what's happening with the marketers is they're talking about I'll give you real life.
Speaker BWe're talking about the personalization, right?
Speaker BSo we talk about personalization at scale.
Speaker BHow do I think about a billboard is going to reach X number of people But I can understand through my data capabilities the audiences that were exposed to that billboard and where they went after exposure.
Speaker BSo I can get a little closer to something that is akin to attribution on the digital side and that is a real big evolution.
Speaker BSo I see us evolving towards, towards that one of the.
Speaker BJust because you maybe think about this here real life example sweded a campaign.
Speaker BOne of the big growth verticals for us is pharmaceutical and it's all that money that is spent on television and CTV and digital is I think kind of up for grabs right now for a number of reasons.
Speaker BSo we've, we've worked on data solutions to understand how to tie out a home exposure to script lift.
Speaker BIt's powerful.
Speaker BIt's amazing.
Speaker BIt's been growing.
Speaker BDid a campaign for one of the large, I'll say one of the large pharmaceutical brands.
Speaker BAnd the at the recap meeting she shared with us, the head of Markby shared with us her boss got up and was talking about the campaign and said I didn't know we bought billboards and it was not in a positive way.
Speaker BIt was okay.
Speaker BI didn't know that was part of our strategy because we were buying ctv.
Speaker BAnd what she said was, to the entire room, she goes, we did, and here's why we did it.
Speaker BAnd here's the role that billboards play in driving all this other stuff.
Speaker BAnd by the way, what was the last mobile ad you remember seeing for our brand?
Speaker BAnd the room went by like, because you don't remember them.
Speaker BSo it was.
Speaker BYet you all remember that.
Speaker BBecause they all chimed in, they said, I saw that ad, I saw one over there.
Speaker BYeah.
Speaker BI said, so you're all, you're seeing that, right?
Speaker BCreating that impact.
Speaker BBut yet when asked the question about, tell me about a mobile ad, tell me about a digital ad you saw, they couldn't even say they saw one, they've seen one.
Speaker BSo to me, it's, it's, it's versus
Speaker Cattention versus actual understanding and remembering.
Speaker CJust remembering the ad or the billboard is the goal.
Speaker CRight?
Speaker CThat's the treasure.
Speaker CIt's the message.
Speaker BYeah, no, it's true.
Speaker BIt was a real life that happened a few weeks.
Speaker BIt was fun.
Speaker CWhat do young leaders often misunderstand about leadership?
Speaker BLook, I think the first thing is, and I learned this in Chicago, right, I think that leadership is a responsibility, not an authority.
Speaker BIt's kind of what I would say is simple and that is, is a responsibility, it's not an authority.
Speaker BAnd I think that you come into that role and you think you have that and then people won't follow you.
Speaker BRight?
Speaker BPeople aren't going to follow you.
Speaker BAnd you have to show empathy, but you have to have strong, consistent leadership.
Speaker BAnd I think the consistency.
Speaker BWe talked about this earlier around how you show up to your team.
Speaker BLook, I am as fiery as anybody can be.
Speaker BI'm competitive, I want to win for sure.
Speaker BBut when they bring problems to me, my composure, I have to remember that.
Speaker BAnd I think the leadership, make sure you keep your emotion in check and remember you have a responsibility, not this ultimate authority over them.
Speaker BAnd I think that you'll be successful.
Speaker CYeah, I really like ending on that note.
Speaker CIt's just a great reminder that yes, with a title, you do sort of get some authority with that.
Speaker CBut if you're, if you're really focused on leading by wielding that authority, you forget the responsibility to them that you have to the organization and to yourself.
Speaker CAnd if we can just approach our work days from that, hey, this is my responsibility.
Speaker CThis is my opportunity.
Speaker CNot just to go in and, you know, shoot from the hip, wing it as the leader, you're going to get a lot different outcome and a huge congratulations, Bob.
Speaker COn what a cool career.
Speaker CAnd everyone's got to keep their eyes on Bob because, man, so many big things coming in your space, man.
Speaker CI can't wait to see what happens next.
Speaker CThanks, Bob.
Speaker BThank you, Ben.
Speaker BPleasure.
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