Why Vox makes its own banner ads
Publishers like to bemoan the state of display ads. Some are taking matters into their own hands.
Sites such as Vox Media and Quartz are creating many of the ads that run on their sites, betting that the ads will fit better with their environments and tie into their content-management systems seamlessly. Custom display ads aren’t new, of course, and many attempts have foundered on account of scalability concerns. But for Vox, which gets 53 million unique visitors a month, per comScore, across its eight properties, scale is a red herring.
“We’re finding the scale within the network,” said Michael Hadgis, Vox Media’s vp of global revenue and partnerships. He said that while Vox’s high-impact ads are currently limited to its own sites, extending their reach off-platform was “definitely a possibility” down the line. Around 75 percent of campaigns on Vox Media run its custom units, which are built by Vox’s 27-person creative team.
Better targeting is also core to the pitch. Vox says that because its ads are built on its Chorus CMS, advertisers can better target their custom ads to readers based off their interests, which the company says increases click-through compared to regular banners. “If we didn’t build around user experience, impact and performance, these would just be regular ad units,” said Hadgis.
Quartz, which has also built a business around its custom ads hasn’t run a standard size IAB unit since its launch in 2012. Despite that, brand interest in its custom ad unit, dubbed “Engage,” has increased at a steady clip. While Quartz ran just four campaigns in 2012, it’s run more than 70 campaigns in the first half of this year. Around 90 percent of its partner brands have re-subscribed.
Quartz’s success with the format feels unlikely. With standard display units, a brand doesn’t have to create a new ad specific to every publisher it advertises with. Custom units, in contrast, take more creative overhead and are limited to the small handful of sites that run them. Quartz said that 65 percent of its advertisers ask it to design and engineer their custom units. Five to 10 percent build their own ads from start to finish, using preexisting assets.
The process is relatively high-touch compared to the automated ad serving world. Quartz’s client services team, which is larger than its sales team (Joy Robins, Quartz’s head of global advertising and strategy, wouldn’t give an exact number) works alongside the brand or its creative agency, which typically run Quartz ads as a part of larger campaigns. The entire process can take a few days for existing clients and up to a few weeks for new ones.
One issue is portability. Robins said that it’s not easy to port Quartz ads to other formats, thought few advertisers have attempted to do so. These sorts of creation and scale questions around high-impact ads have been significant enough that they’ve given rise to companies such as Undertone, which says its tech both makes it easier for brands to get onboard by streamlining the creation of high-impact formats.
“There’s no question that exclusively running custom ads has prevented us from running with a few brands,” said Robins, “But not as many as you might think.”
‘We’re out there hitting the pavement’: Ad management firms scoop up sites ahead of cookie changes
Ad management platforms such as Cafe Media and Freestar have collectively gobbled up the rights to thousands of sites' ad inventory.
Browser makers, now including Mozilla’s Firefox, are already ditching Google’s proposed cookieless ad targeting method FLoC
Google's cohort-based tracking needs browser support to work, but browsers like Brave and Microsoft Edge can easily block its functionality.
Cheat Sheet: What a ‘radical’ GOP antitrust bill that would kill big tech acquisitions has in common with the Democrats’ push for reform
Bipartisan momentum behind Sen. Josh Hawley’s antitrust bill is likely to be tepid, but it could spur more dialogue on anti-competitive behavior in an tech-ruled era.
SponsoredVideo: How employer rewards and incentives changed in 2020
The nature of employer rewards programs has transformed, accelerated by the events of 2020 — a year of sweeping change. Employees shifted to digital, their preferences moved to digital wallets and they asked for new and surprising ways to use the rewards their employers delivered. In these new interviews, employer rewards experts talk about the evolving […]
Member ExclusiveMedia Briefing: How publishers are pushing podcasts to new audiences
Podcast listening has rebounded from an initial pandemic-induced dip. But publishers still have work to do to attract more people to their shows.
Los Angeles Times enters crowded daily news podcast market with a West Coast twist
The Los Angeles Times is banking on offering a West Coast twist to daily news podcasting when it debuts its own version next month.