Hasta La Creative!

The rise of programmatic advertising has wreaked havoc across digital media, giving media buyers far more leverage while pushing down the value of publisher inventory. It has also torn apart the traditional ad network business, which is one reason Federated Media, today announced it would stop battling the tide.

The company will sell its direct sales, or “content marketing” business, to LIN Media for an undisclosed amount and focus entirely on its programmatic business.

“As a venture backed company, it’s always a difficult decision to sell a business, but you want to do the right thing for the people and the partners that got you to where you are and I think this does that,” said John Battelle, who founded Federated nine years ago and will transition from the company’s CEO to its executive chairman.

Continue reading at AdAge.com