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Why Paper Is Eternal - Joan Shorenstein Center on the Press ...

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Nast is <strong>on</strong>e of <strong>the</strong> world’s premier print-media outlets, publisher of Vanity Fair,<br />

The New Yorker, Vogue and o<strong>the</strong>r well-known titles. The company is privately<br />

owned and does not release its financial results, but it has a l<strong>on</strong>gstanding<br />

reputati<strong>on</strong> as a well-run, highly profitable enterprise. In early 2006, when Time<br />

Inc. was laying off employees and <strong>the</strong> future of magazines seemed in doubt,<br />

<strong>on</strong>e well-known magazine c<strong>on</strong>sultant said: “When <strong>the</strong> lights get turned out in<br />

<strong>the</strong> magazine industry, it will be C<strong>on</strong>dé Nast that turns <strong>the</strong>m out.” 66 To put it<br />

ano<strong>the</strong>r way, if any<strong>on</strong>e can c<strong>on</strong>tinue making m<strong>on</strong>ey from printing words and<br />

images <strong>on</strong> paper, C<strong>on</strong>dé Nast can.<br />

In 2004, <strong>the</strong> company was planning a new marketing campaign aimed at<br />

advertisers. The message would be that readers have a special relati<strong>on</strong>ship with<br />

magazines, and with C<strong>on</strong>dé Nast magazines in particular. Such campaigns are<br />

more c<strong>on</strong>vincing if <strong>the</strong>y are backed up by market research, which is typically<br />

quantitative – showing, say, how many people in key demographic categories<br />

read a particular publicati<strong>on</strong>. In this case, C<strong>on</strong>dé Nast decided to try something<br />

a little different. The company’s chairman, S. I. Newhouse Jr., had read an<br />

article about Gerald Zaltman, a Harvard Business School professor (now<br />

emeritus) who has written extensively about <strong>the</strong> role of <strong>the</strong> unc<strong>on</strong>scious in<br />

c<strong>on</strong>sumer decisi<strong>on</strong>-making. 67 Drawing <strong>on</strong> neuroscience, psychology, literary<br />

<strong>the</strong>ory and o<strong>the</strong>r disciplines, Zaltman’s work argues that <strong>the</strong> human mind<br />

interprets experience through metaphors, and that businesses should<br />

incorporate <strong>the</strong>se noti<strong>on</strong>s into <strong>the</strong>ir efforts to market products to c<strong>on</strong>sumers. 68<br />

The research and c<strong>on</strong>sulting firm Zaltman co-founded, Ols<strong>on</strong> Zaltman<br />

Associates, c<strong>on</strong>ducts studies based <strong>on</strong> <strong>the</strong>se ideas. Its l<strong>on</strong>g client list includes<br />

such large corporati<strong>on</strong>s as Intel, Samsung, Bank of America, and <strong>the</strong> Walt<br />

40

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