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3/30/2011                               Century 21 buys back into TV ads in a …




  Published on Inman News (http://www.inman.com)




  Century 21 buys back into TV ads in a big way:
  the Super Bowl
  By matt_carter
  Created 2011-03-30 01:00

  When Century 21 Real Estate announced two years ago that it would stop running national television ads in
  order to boost its online ad spend, the venerable franchisor said it already had all the name recognition a
  company could ever want.

  Now, Century 21 is getting back into TV in the splashiest way imaginable, announcing that it will run a spot
  during Super Bowl XLVI, on Feb. 5, 2012.

  Next week, TV ads promoting the skills of Century 21 agents will begin airing on Discovery Communications'
  cable channel, TLC, which will also feature the 40-year-old franchise in an upcoming episode of "Cake Boss."

  It's highly unlikely that anyone has forgotten that Century 21 exists in the two years that the franchise has been
  absent from the airwaves. So why come back?

  Century 21 says it has devoted considerable resources to educating and training its agents, and it wants the
  world to know.

  "We think the market knows exactly who Century 21 is, but we're not sure they know who our agent is, and
  what their capabilities are," said Bev Thorne, Century 21's chief marketing officer. The brand's "Smarter,
  Bolder, Faster [1]" campaign, in addition to TV and radio ads, which will also feature online and print
  components.

  Article continues below




http://www.inman.com/print/140318                                                                                      1/3
3/30/2011                               Century 21 buys back into TV ads in a …




  Advertise with Inman

  The ad campaign is part of a wave of new marketing initiatives from the franchisor, including a new website
  and mobile apps for all smartphone and feature phones.

  Thorne said Century 21 has entered into partnerships with five listings portals -- Realtor.com, Zillow, Trulia,
  Homes.com and Homefinder.

  The partnerships are an expansion of Century 21's existing "Gold Standard Partnership [2]" with Realtor.com
  operator Move Inc., she said, in which the franchisor helps franchise owners pay for enhanced listings.

  "We are subsidizing the placement and appearance of listings, helping enhance the position and representation
  of listings on the sites," Thorne said. Although there's some duplication in the sites' audiences, she said together
  they reach an aggregate audience of 350 million to 400 million visitors.

  When Century 21 pulled the plug [3] on TV advertising in 2009, then-president and CEO Tom Kunz said the
  company wanted to shift the money into online marketing efforts including display ads, search-engine
  marketing, and partnerships with real estate listing sites.

  Kunz said at the time that while dollars once spent on TV would be shifted into online marketing, the overall
  marketing budget had shrunk as a result of the downturn (Kunz resigned [4] in February 2010 and was
  replaced by Rick Davidson).

  AdAge.com, citing estimates by Kantar Media, reported [5] that Century 21's total media spending dropped
  43 percent in 2009, to $18.9 million, and by another 36 percent last year, to $12 million. Kantar estimated
  that Century 21 spent $9.6 million on TV ads in 2008, about two-thirds on cable networks.

  But Thorne said those numbers are "completely false. They are not even close to the facts that I know."

  Although Thorne declined to provide specifics on Century 21's spending on marketing, she said spending on
  both online and offline advertising will increase this year.

  Century 21 has been embroiled for nearly a decade in a lawsuit by franchisees claiming that the company
  misappropriated fees paid by franchisees into a national advertising fund, among other claims. Century 21 has
  said the claims in the 2002 lawsuit are without merit, though lawyers representing five Century 21 franchisees
  won class-action certification [6] in August to represent other similarly situated brokerages.
http://www.inman.com/print/140318                                                                                    2/3

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Century 21 buys back into tv ads in a big way the super bowl

  • 1. 3/30/2011 Century 21 buys back into TV ads in a … Published on Inman News (http://www.inman.com) Century 21 buys back into TV ads in a big way: the Super Bowl By matt_carter Created 2011-03-30 01:00 When Century 21 Real Estate announced two years ago that it would stop running national television ads in order to boost its online ad spend, the venerable franchisor said it already had all the name recognition a company could ever want. Now, Century 21 is getting back into TV in the splashiest way imaginable, announcing that it will run a spot during Super Bowl XLVI, on Feb. 5, 2012. Next week, TV ads promoting the skills of Century 21 agents will begin airing on Discovery Communications' cable channel, TLC, which will also feature the 40-year-old franchise in an upcoming episode of "Cake Boss." It's highly unlikely that anyone has forgotten that Century 21 exists in the two years that the franchise has been absent from the airwaves. So why come back? Century 21 says it has devoted considerable resources to educating and training its agents, and it wants the world to know. "We think the market knows exactly who Century 21 is, but we're not sure they know who our agent is, and what their capabilities are," said Bev Thorne, Century 21's chief marketing officer. The brand's "Smarter, Bolder, Faster [1]" campaign, in addition to TV and radio ads, which will also feature online and print components. Article continues below http://www.inman.com/print/140318 1/3
  • 2. 3/30/2011 Century 21 buys back into TV ads in a … Advertise with Inman The ad campaign is part of a wave of new marketing initiatives from the franchisor, including a new website and mobile apps for all smartphone and feature phones. Thorne said Century 21 has entered into partnerships with five listings portals -- Realtor.com, Zillow, Trulia, Homes.com and Homefinder. The partnerships are an expansion of Century 21's existing "Gold Standard Partnership [2]" with Realtor.com operator Move Inc., she said, in which the franchisor helps franchise owners pay for enhanced listings. "We are subsidizing the placement and appearance of listings, helping enhance the position and representation of listings on the sites," Thorne said. Although there's some duplication in the sites' audiences, she said together they reach an aggregate audience of 350 million to 400 million visitors. When Century 21 pulled the plug [3] on TV advertising in 2009, then-president and CEO Tom Kunz said the company wanted to shift the money into online marketing efforts including display ads, search-engine marketing, and partnerships with real estate listing sites. Kunz said at the time that while dollars once spent on TV would be shifted into online marketing, the overall marketing budget had shrunk as a result of the downturn (Kunz resigned [4] in February 2010 and was replaced by Rick Davidson). AdAge.com, citing estimates by Kantar Media, reported [5] that Century 21's total media spending dropped 43 percent in 2009, to $18.9 million, and by another 36 percent last year, to $12 million. Kantar estimated that Century 21 spent $9.6 million on TV ads in 2008, about two-thirds on cable networks. But Thorne said those numbers are "completely false. They are not even close to the facts that I know." Although Thorne declined to provide specifics on Century 21's spending on marketing, she said spending on both online and offline advertising will increase this year. Century 21 has been embroiled for nearly a decade in a lawsuit by franchisees claiming that the company misappropriated fees paid by franchisees into a national advertising fund, among other claims. Century 21 has said the claims in the 2002 lawsuit are without merit, though lawyers representing five Century 21 franchisees won class-action certification [6] in August to represent other similarly situated brokerages. http://www.inman.com/print/140318 2/3