MEDIA MATTERS
GM PLEDGES TO QUADRUPLE SPENDING IN BLACK MEDIA
<b> GM PLEDGES TO QUADRUPLE SPENDING IN BLACK MEDIA</b>
Academy Award winner Regina King recently signed on as “brand ambassador” for Cadillac.
By: Richard Prince--"Journal-isms"
N2Entertainment.net

“General Motors, one of the nation’s biggest advertisers, said it would quadruple the percentage of its advertising dollars that go to Black-owned media outlets between now and 2025,” Brian Steinberg reported Thursday for Variety.

“GM’s new effort is a sign of the scrutiny and pressure that corporate giants are facing to spread their corporate spending around a wider array of firms. “GM said it intended to increase the allocation of its ad spending from its current 2% with Black-owned media to 4% by 2022 and to 8% by 2025.

“ ‘Black-owned media are a vital component of our marketing mix, and we evaluate our spend for media partners through several core metrics, including transparency, innovation, ad quality, audience delivery and brand safety,’ General Motors said in a recent statement. The company also said it would in May launch an ‘upfront’ process with diverse media owners ‘that encourages partners and potential partners to submit business proposals’ that ‘will be accredited by a third-party to ensure fairness and transparency.’

“GM’s move came after the automaker was targeted by a group of Black media leaders, including entrepreneur Byron Allen. The group in recent days took out ads in the Detroit Free Press and Wall Street Journal to deliver an open letter to GM CEO Mary Barra. The group suggested the manufacturer of Cadillac and Chevrolet spent less than 0.5% of its advertising in Black-owned media outlets. GM said that it has allocated 2% for 2021.

“A number of advertisers and ad groups have in recent days taken steps to show their interest in Black media, which include Allen’s Allen Media Group, Revolt Media, Ozy, Essence Magazine and Urban One. Procter & Gamble, the large consumer-products manufacturer, earlier this week unveiled an initiative to bring more Black creators into the media and entertainment industries and to call for better portrayals of Black individuals and consumers in programming. . . .”

Regina King signed on as “brand ambassador” for Cadillac. Black people and Cadillac have had a surprising history.

Photo Credit: Cadillac Society.

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