Showing posts with label California. Show all posts
Showing posts with label California. Show all posts

December 12, 2011

Tweet to get Scholarship


Not too long ago, students had to craft an essay if they wanted to win a scholarship. Now, they just can craft a tweet.
The Kentucky Fried Chicken Foundation is asking eligible high school seniors to tweet a photo that illustrates their commitment to education and enriching their communities. The KFC Colonel's Scholars winner, announced December 15, will receive up to $5,000 per year to pursue a bachelor's degree at a public university in his or her home state.
KFC started the Twitter contest last year as a way of reinvigorating its scholarship program for the social media age. The competition saw over 2,800 applicants, with the winning tweet coming from California high school senior Amanda Russell: "#KFCScholar Hey Colonel! Your scholarship's the secret ingredient missing from my recipe for success! Got the grades, drive, just need cash!"
Other organizations, perhaps weary of wading through applicants' lengthy essays, also are offering eager students ways to turn a 140-character message into money for college. Last summer Scholarships.com awarded a "Short and Tweet" $1,000 cash prize and Amazon Kindle e-readers to three students who tweeted winning answers to questions like, "What would an extra $1,000 for college mean to you?"
"No lengthy essay, no pile of paperwork -- just your thoughts, in real time," promised the contest's website. "To enter, simply log on to Twitter ..."
In place of an essay, the University of Iowa's Tippie College of Business offered a full $38,000 scholarship to its MBA program for the best tweet from a prospective student. "That's right, it's a 140-character application that pays $271 per letter," said the school's website.
Why a tweet? Jodi Schafer, the University of Iowa's director of MBA admissions and financial aid, told USA Today that application essays were "becoming unoriginal." She said "we're hoping that incorporating social media in the process will help bring back some of that creativity." Applicants were encouraged to include in their tweet links to blogs, videos or Facebook accounts.
The college plans to bring back the tweeting scholarship next year to international applicants.
Competitions like these are done more for marketing purposes than finding qualified candidates, said Sree Sreenivasan, a digital-media professor who teaches classes on Twitter at Columbia Journalism School. He cited a scholarship sponsored by Dr. Pepper that was awarded to a girl who threw the most football passes into a giant Dr. Pepper can at the SEC Championship game.
"How is that better or worse than Twitter?" he asked. Sreenivasan believes these scholarships get buzz because they are "marketing to the extreme." He said he would not be surprised to see more competitions like this in the future, because marketers are very imitative.
This year's KFC scholarship competition explores students' creativity in a different way by asking them to tweet a picture instead of just a snippet of text. The ideal image should capture their high school experiences and collegiate dreams. KFC Public Relations Manager Rick Maynard says snapping pictures and sharing them online comes naturally to this generation of students, and the scholarship is a new way to connect with social-networking teens.
"The Colonel was a lifelong learner, reinventing himself at the age of 65 when he turned a $105 Social Security check into what would become a global chicken chain. He would have been thrilled to see how KFC continues to adapt to fit the changing consumer landscape," Maynard said.

Maynard said KFC is watching for new technological trends to help the company decide what to do for next year's competition. In the meantime, students may submit photos until December 13, and the winner will be named around December 15.

December 3, 2011

US approves Google's $400 mn acquisition of Admeld

The US Justice Department on Friday approved Google's $400 million acquisition of Admeld, a company that provides an online advertising platform for publishers. 

The Justice Department said that a review of the transaction by its antitrust division had concluded that it was "not likely to substantially lessen competition in the sale of display advertising." 

"Although the Antitrust Division concluded that this particular transaction was unlikely to cause consumer harm, the division will continue to be vigilant in the enforcement of the antitrust laws to protect competition in display and other forms of online advertising," the department said in a statement. 

Google announced the acquisition of Admeld in June. The exact purchase price was not revealed but various reports put it at around $400 million. 

Mountain View, California-based Google makes most of its money from advertising tied to Internet search but is seeking to carve out a bigger slice of the market for display advertising, which includes rich media, digital video and banner ads. 

According to the Interactive Advertising Bureau and PricewaterhouseCoopers, US online advertising revenue rose 15 percent last year to a record $26 billion with display ads accounting for 38 percent of the total. 

According to digital marketing firm eMarketer, Facebook is on track to pass Yahoo! in US display advertising revenue this year while Google will also gain market share. 

Facebook's share of US online display ad revenue will grow to 17.7 percent this year, up from 12.2 percent last year, while Yahoo!'s share is expected to decline to 13.1 percent in 2011 from 14.4 percent last year, eMarketer said. 

Google's share of US display advertising revenue will grow to 9.3 percent this year from 8.6 percent last year, eMarketer said. 

Google has come in for increasing regulatory review in the United States and Europe as it has grown from a scrappy startup into an Internet titan. 

Among the deals that have drawn scrutiny are Google's $3.1 billion purchase of online ad firm DoubleClick, its $750 million buy of mobile ad network AdMob and its $700 million acquisition of flight data company ITA Software. 

In 2008, Google was forced to drop plans for a joint search advertising partnership with Yahoo! amid opposition from the Justice Department. Google is also currently cooperating with a US Federal Trade Commission probe into its search and advertising business. 

Founded in 2007, Admeld describes its mission on its website as providing publishers with "the cutting edge of advertising technology, enabling them to maximize their revenue and sell their inventory smarter and safer." 

Besides its headquarters in New York, the company also has offices in San Francisco, London, Berlin and Toronto. Admeld's 500 customers around the world include FOX News, Hearst Television, Discovery and The Weather Channel.

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