Expect edgy ads from financial news and information company TheStreet.com, which late Thursday selected DeVito/Verdi as
agency of record for its June re-launch.
The company’s advertising strategy is especially critical at this juncture,
as it moves to expand its reach beyond financial professionals to the world
at large. The company is changing its strategy, splitting its content
between a free site and separate subscription sites.
The choice of DeVito/Verdi portends an interesting campaign. The shop has
made its name with attention-getting and controversial ads. Its campaign
for New York Magazine, which plastered buses with the slogan,
“possibly the only good thing in New York Rudy hasn’t taken credit for,”
sent Mayor Giuliani into a rage. A campaign for Time Out New York
magazine told viewers, “Welcome to New York, Now Get Out.” Other
controversial campaigns include one for a pro-choice group and another for
the ACLU. Now, the agency is also crafting a campaign for New York
senatorial candidate Hillary Clinton.
“DeVito/Verdi was the clear winner because of their high-impact creative
and pragmatic strategic advice, both of which will help us build a
relationship with a much broader audience than we’ve ever targeted,” said
Cathy Fetell, chief planning officer and executive vice president of
communications of TheStreet.com.
“Their expertise will help us leverage our winning brand as we launch our
free site aimed at investors of all experience levels.”
Billings have not yet been determined. TheStreet.com (TSCM) has worked with a
variety of different agencies in the past, but has lately kept a low
profile and it expects to continue working with Avenue A for its online advertising.
The launch of the free site is partially a response to the difficulty of
the subscription model, and the company is hoping to bring in more money
from advertisers through boosting traffic. Meanwhile, higher-level content
aimed at financial professionals will be available, for a subscription fee,
at other sites in the network.
“The company’s new business model is sure to yield tremendous, broad-based
interest, and we are very excited to help create strong top-of-mind
awareness of the soon-to-be-free TheStreet.com site,” said Ellis Verdi,
president of DeVito/Verdi.