Google is testing the print ad market in an attempt to capture traditional advertising dollars and take a significant step toward becoming a one-stop shop for both online and offline ad sales, writes CNET (via MarketingVox). Google recently bought ad pages in tech magazines, including PC Magazine and Maximum PC, and is reselling those pages, in quarters and fifths, to its AdWords advertisers.
The experiment (the companies buying the ads describe it) is also the first time that Google has gone offline with any of its products. The foray into print ads expands Google’s efforts to be a middleman for advertisers and publishers.
“Google has shown that big media companies don’t have to be part of the mix at all,” said Tim Hanlon, senior vice-president of emerging contacts at Publicis Groupe. “People can just get the content and ads directly from an uber-intermediary. That’s caught a lot of traditional ad types off guard.”
“I would be surprised and somewhat disappointed if they were to spend a lot of money and resources on a print advertising unit,” said Safa Rashtchy, senior Internet analyst at Piper Jaffray. “My guess is it is just an experiment.”
“All the big talk today is how the inventory available for PPC (pay per click) ads is shrinking each day,” Barry Schwartz, editor of Search Engine Roundtable, wrote in an email. “So it does make sense for Google to look for ways to increase that inventory.”
All sectors of the media business will suffer from the weakened economy in 2008 and 2009, with a slump in local advertising particularly hurting newspapers and local TV, according to a new projection from Goldman Sachs.
Broadcast nets will experience…
The New York Times is shuttering its International Herald Tribune site; NYTimes.com will soon host the international news normally reserved for its sister website.
The move is not about cost savings, but rather about growth, NYTimes.com general manager Vivian Schiller…
Unilever’s Vaseline set forth on an unusual research project in a small town in Alaska. Setting up a storefront, the company began giving away free bottles of lotion and asking recipients to name the person who had recommended they come…
Meet the Press, the show hosted by Tim Russert for 17 years before his death last June, is beginning to slip in ratings.
Last month, CBS’s Face the Nation pulled ahead of Meet the Press for the first time in two…
Bloggers collectively create nearly one million blog posts each day, and half of bloggers believe blogs will be a primary source of news and entertainment in the next five years, according to Technorati’s 2008 State of the Blogosphere Report, MarketingCharts writes.…
Wal-Mart and Costco reported same-store gains in September, with sales rising 2.4% and 9% respectively. Sales at Target stores open at least a year fell 3%, writes Retailer Daily.
Below, fiscal results from the discount retail giants:
Sales of food and…