AOL Scoops Up Mobile Ad Network Millennial Media for $238 Million

After two months of speculation, AOL has acquired mobile ad network Millennial Media for $238 million, or about $1.75 per share. The Millennial deal is the newest step in building out AOL's tools to compete in mobile advertising against behemoths like Facebook, Yahoo and Google. With the deal, Verizon-owned AOL is getting access to mobile inventory in Millennial's 65,000 apps—equivalent to 1 billion active global users in markets like Germany, France and Japan. It will also help build out its cross-screen programmatic platform called One. "AOL is well positioned as consumers spend more and more time on mobile devices, and as advertisers, agencies and publishers become more reliant on programmatic monetization tools," said AOL's president Bob Lord in a statement. "As we continue to invest in our platforms and technology, the acquisition of Millennial Media accelerates our competitive mobile offering in One by AOL and enhances our current publisher offering with an 'all in' monetization platform for app developers." AOL's move is the latest sign of the times for mobile ad networks like Millennial (which spent more than $300 million on its own acquisitions in recent years) that have struggled in recent years to keep up in a fast-paced industry. With Millennial now off the table, it could set off a wave of other deals for tech companies to gobble up smaller mobile ad networks that specialize in video and location-based targeting. To stay ahead, Millennial zeroed in on... Continue reading at 'AdWeek'

[ AdWeek | 2015-09-03 00:00:00 UTC ]
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Hamish Hamilton scoops debut novel by Pine

Hamish Hamilton has scooped the debut novel by academic and critic Emilie Pine, author of international bestseller Notes to Self (Tramp Press and Hamish Hamilton).  Continue reading at The Bookseller

[ The Bookseller | 2021-10-05 16:47:02 UTC ]
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Ozy, the US startup aiming to shake up media, shuts amid scandal

Revelations about exaggerated audience sizes helped sink the star-studded digital news outletAll the right boxes looked to have been ticked when digital media company Ozy began. Launched in 2013 with the intention of shaking up both online and broadcast journalism, the American startup quickly... Continue reading at The Guardian

[ The Guardian | 2021-10-03 07:00:21 UTC ]
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Ozy Media Will Shut Down

The digital media start-up had come under scrutiny for its business practices after articles in The Times. Continue reading at The New York Times

[ The New York Times | 2021-10-02 01:54:04 UTC ]
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Media startup Ozy shuts down after New York Times report raises concerns

Ozy faced questions about its viewership figures and claims that its co-founder impersonated a YouTube executive on a call with Goldman SachsOzy, a digital media startup, is shutting down less than a week after a New York Times column raised questions about the organization’s claims of millions... Continue reading at The Guardian

[ The Guardian | 2021-10-01 23:52:05 UTC ]
More news stories like this | News stories tagged with: #internal investigation #digital media


Andersen Press scoops fiction debut from Quarto's Cotton

Andersen Press has scooped the fiction debut of Katie Cotton, group publisher at the Quarto Group. Continue reading at The Bookseller

[ The Bookseller | 2021-09-30 21:08:11 UTC ]
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A ‘constant merry-go-round’: Nielsen and Comscore say the right things, but aren’t progressing fast enough for media buyers

The main measurement companies, Nielsen and Comscore, say they're trying to update and change metrics, but buyers remain frustrated by the lack of progress. The post A ‘constant merry-go-round’: Nielsen and Comscore say the right things, but aren’t progressing fast enough for media buyers... Continue reading at Digiday

[ Digiday | 2021-09-30 19:04:53 UTC ]
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Media Briefing: What publishers had to say at the Digiday Publishing Summit

This week's Media Briefing recaps what was said when publishing executives came together behind closed doors at this week's Digiday Publishing Summit. The post Media Briefing: What publishers had to say at the Digiday Publishing Summit appeared first on Digiday. Continue reading at Digiday

[ Digiday | 2021-09-30 04:01:00 UTC ]
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Case Study: How Trusted Media Brands is prioritizing video after acquiring a viral digital content company

Trusted Media Brands just recently acquired Jukin Media. Here's a look at what its strategy looks like — and what channels are set to expand first. The post Case Study: How Trusted Media Brands is prioritizing video after acquiring a viral digital content company appeared first on Digiday. Continue reading at Digiday

[ Digiday | 2021-09-29 04:01:00 UTC ]
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Progressive or performative? Disability staff networks come under scrutiny

A number of the larger publishers have set up internal networks to improve access to the industry for minority communities; here are six essential steps to ensure their success Continue reading at The Bookseller

[ The Bookseller | 2021-09-26 12:53:06 UTC ]
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Media Briefing: What to expect from the Digiday Publishing Summit

This week's Media Briefing previews the upcoming Digiday Publishing Summit, which kicks off on Sept. 27 and will feature speakers from media companies including The Washington Post, BDG, Group Nine Media and Essence. The post Media Briefing: What to expect from the Digiday Publishing Summit... Continue reading at Digiday

[ Digiday | 2021-09-23 04:01:00 UTC ]
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Marcus Rashford to be included in GCSE media studies course

Pupils will learn about footballer’s use of social media to highlight social and race issues he cares aboutMarcus Rashford’s much-lauded use of social media to pursue his campaign against child food poverty and persuade the UK government to expand free school meals is to be studied by pupils... Continue reading at The Guardian

[ The Guardian | 2021-09-22 08:45:43 UTC ]
More news stories like this | News stories tagged with: #england footballer #marcus rashford #race issues #uk government #manchester united #book club


Viking scoops 'illuminating' new work from Quiet author Cain

Viking has scooped an 'illuminating' new work from Susan Cain, author of the bestseller Quiet (Penguin). Continue reading at The Bookseller

[ The Bookseller | 2021-09-20 15:44:32 UTC ]
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Books in the Media: Critics swoop on Day's fifth novel

Elizabeth Day's latest novel Magpie (Fourth Estate) picked up reviews in the Observer, the Irish Times, the Sunday Times, the Daily Mail and the i this week.  Continue reading at The Bookseller

[ The Bookseller | 2021-09-20 03:19:56 UTC ]
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Britain’s broadcast media is too valuable to be the toy of politicians and moguls | Will Hutton

Rupert Murdoch launches a new channel, C4 is threatened and notions of impartiality seem up for grabs. Are we seeing a challenge to the old order?Britain’s stubborn attachment to non-Tory values infuriates and worries Conservative politicians to equal degree. Yes, there is a suspicion of... Continue reading at The Guardian

[ The Guardian | 2021-09-19 07:00:29 UTC ]
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Books in the Media: Grand slam for King and Osman

Two Viking titles stood out to critics this week: Bille Jean King's All In: An Autobiography and Richard Osman's second novel The Man Who Died Twice.  Continue reading at The Bookseller

[ The Bookseller | 2021-09-13 01:06:55 UTC ]
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2021 Top Women in Media Awards Luncheon

The women spearheading the progression of the publishing industry will be recognized at the Top Women in Media Awards Celebration on September 30, 2021 in New York City. Join your industry peers, the Folio: and AdMonsters Team, and a few surprise guests to celebrate the honorees and all of their... Continue reading at Folio Magazine

[ Folio Magazine | 2021-09-10 21:00:13 UTC ]
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2021 Top Women in Media Awards Luncheon

The women spearheading the progression of the publishing industry will be recognized at the Top Women in Media Awards Celebration on September 30, The post 2021 Top Women in Media Awards Luncheon appeared first on Folio:. Continue reading at Folio Magazine

[ Folio Magazine | 2021-09-10 21:00:13 UTC ]
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Hamish Hamilton scoops sequel to Barker's Trojan bestseller

Hamish Hamilton has scooped the follow-up to Pat Barker's bestseller The Women of Troy (Penguin). Continue reading at The Bookseller

[ The Bookseller | 2021-09-08 05:47:02 UTC ]
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High court rules Australian media companies can be liable for defamatory comments posted on Facebook pages

Decision rejecting appeal in Voller defamation case means companies will be likely to ban comments on more social media postsGet our free news app; get our morning email briefingSome of Australia’s biggest media companies have lost a bid in the high court to escape liability for defamatory... Continue reading at The Guardian

[ The Guardian | 2021-09-08 03:33:03 UTC ]
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Books in the Media: Whitehead shuffles into this week's reviews

Colson Whitehead's Harlem Shuffle (Fleet) danced across the review pages this week, picking up mentions in The Bookseller, the Guardian, the Times and the New York Times, consistently being labelled as "one to watch this autumn". Continue reading at The Bookseller

[ The Bookseller | 2021-09-06 14:54:44 UTC ]
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