for the Digiday Programmatic Marketing Summit, May 6-8 in Palm Springs.
There was a time when Madison Avenue was obsessed with the threat from Google. The idea was Google, with its near limitless financial resources and engineering might, was hell-bent on automating the ad industry and cutting out agencies in the process. That didn’t happen. Now it’s Facebook’s turn to feel the concerns. Ian Schafer, CEO of Deep Focus, has a piece up on Harvard Business Review that makes a credible case for why Facebook is moving in a direction that will irrevocably change with media-buying agencies do. Media agencies tend to buy commoditized “nouns” (impressions, clicks, etc.) while Facebook wants to move to sell “verbs” (likes, shares, etc.) Like the Google threat, this one probably won’t materialize to much. Facebook needs agencies to convert its enormous attention into a similarly large media business. There will be room for media agencies to tap into Facebook’s enormous trove of data to do impression-and click-based buying, as Schafer himself notes. Read the full post here.
More in Media
Media Briefing: Another AI threat emerges for publishers: the third-party scraper
A growing network of third-party web scrapers is fueling an AI content licensing market, where publisher content is scraped and sold.
The Washington Post’s Arc XP adds TollBit to help publishers make money from AI bot traffic
The Washington Post’s Arc XP adds TollBit to help smaller publishers monetize AI bot traffic, offering a path into AI licensing revenue.
Digiday+ Research: Publishers apply AI to streamline tasks and improve audience experience
Publishers increasingly embed AI tools into daily functions, especially streamlining tasks and improving the audience experience.