Posted by Michael Fleischman, EVP of Business Development for CPX Interactive
Having spent much of my career as an executive in the cable TV industry, I am acutely aware of the importance of being able to monetize advertising inventory in a content driven industry and the extent to which that ability actually drives the industry. It is this background that I bring to the industry of online advertising, and to CPX Interactive, specifically. And it is also this background that causes me to be suspicious of some of the “online advertising is dead” fervor that I see trying to rear its head in the media and in the blogosphere.
I believe that as long as there is a continually growing world of online websites, the owners (publishers) of these websites will always support models that most efficiently help them generate revenue from their content. This belief was given a “shot in the arm” this week when I attended the Digital Publishing and Advertising Conference at the Marriot Marquis Hotel on October 27 and 28th in NYC.
The conference was unique as it focused on both the view of a Publisher and Advertiser, with specific sessions targeting each of their needs. The overall take away was that the digital sector continues to grow in light of the economy and is in a great position to attract more advertiser investment. Additionally publishers are becoming more and more knowledgeable with respect to driving traffic and monetizing their web sites.
As an executive for a progressive online ad network and marketing company, I was pleased to see that virtually all of the publishers do work with ad networks and realize their value in terms of monetizing valuable inventory. Additionally, it remains clear that agencies and their clients continue to see the value in digital which they view as more measurable than traditional TV and print placements.
As digital ad serving technology and efficiency continue to improve, there are numerous opportunities for advertisers, publishers, ad networks and other ad platforms to continue to work together and become even more profitable. Specific growth areas include more quality social networking sites, branded entertainment, mobile and video.
Over the next few years, as linear TV viewing declines and online viewing continues to grow, there will be more advertising and sponsorship dollars available for online publishers, and models that can seamlessly and efficiently deliver those dollars to publishers will certainly find increasing success…and a progressive leaning ad network that continues to redefine the online advertising landscape should continue to be a beneficiary of that trend.
In truth, this week’s conference didn’t so much teach me something new as it did serve to confirm what I already know to be true…that the rumors of the death of online advertising have been greatly exaggerated.