eBay places winning bid for TV-ad marketplace
MediaPost reports that eBay has beaten out rivals, including Google, for the right to run a $50 million online trial of auction-based television ad buying. For more than a year, it seems, the Association of National Advertisers, which includes big-name ad buyers like Wal-Mart, Hewlett-Packard, and Toyota, have been mulling the concept, but the green light only came Monday. Ars Technica notes that even still, the go-ahead is somewhat tentative: While the eBay trial will be "supervised" by the ANA, it is not yet officially endorsed by the association's broader membership. Still, thanks to this effort as well as Google's attempts to extend its AdSense services into radio and print, Ars Technica says that online ad auctions for "offline" media now "have enough support from big-name players to be given a number of chances to succeed before anyone declares the concept a failure."
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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.