Programmatic Trends Depress Digital Ad Revenue at Meredith
Posted in: Uncategorized
Advertising technologies such as real-time bidding and automated auctions are driving digital revenue downward at Meredith Corp.’s National Media Group, which includes the company’s magazines like Better Homes & Gardens as well as websites such as AllRecipes.com.
Digital ad revenue fell 4% at the National Media Group during the quarter ending June 30, Meredith said in an earnings release today. The decline comes despite Meredith’s 2012 acquisition of AllRecipes.com, a large website in a popular area, and is partly to blame on the shift to programmatic ad-buying, executives said during a call with analysts to discuss the results.
“The marketplace has changed a quite a bit in the digital landscape,” said Tom Hardy, president of the National Media Group, referring to both consumers’ shift to mobile and marketers’ move toward programmatic technology. Procter & Gamble, the world’s largest ad spender, is working toward buying most of its digital ads through programmatic tech by the end of thisyear.
Post a Comment