Media Prominence Index
The media prominence index of a company mentioned in an article clipping is calculated based on several factors:
- Mention score (m = score, M = max possible score)
- Visual score (v = score, V = max possible score)
- Editorial Tone score (T = score)
The forumla is as follows: P = ((m + v)/(M+V)) * T
This in turn can be used to adjust the Advertising Value Equivalent to find the RAVE value:
RAVE = P * AVE
Scores
Scores are awarded based on the company/brnads mentioned in the article clipping.
Mentions
Mention types are as follows:
- Headline (score = 3)
- 1st Paragraph (score = 2)
- Marginal (score = 1)
Visuals
Visuals are pictures, diagrams, logos, etc. that correspond to a particular company. Here is some heuristic to help with deciding when to apply a visual score:
- If no direct link is apparent between visual and company/brnad mentioned:
- If only one company is mentioned, award visual score
- If multiple companies are mentioned, award mention to company with higher mention score
- If multiple companies are mentioned and no company has a higher mention score, award to all companies
- If visual has direct link to company/brand mentioned but is not in keyword:
- Do not award visual to non-relevant companies (to visual)
- Note Company down to have added and inform Operations Manager of new company
Visual types are follows:
- Color (score = 2)
- 1st Paragraph (score = 1)
- None (score = 0)
Tonality
Editorial tones are very subjective. Editorial tone types are as follows:
- Favorable (score = 2)
- Neutral (score = 1)
- Unfavorable (score = -2)
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