Today's Must Read - Why IBM Is Leaving The Marketing Cloud Business
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[PROGRAMMATIC I/O San Francisco, April 29-30]( - Day 2, 9:25 AM - "The Creative Renaissance Is Upon Us: The State Of Creative Advertising Technologies" - What does the creative adtech vendor landscape look like? How and why are marketers and agencies really using this tech? And where is the space going? This session will explore these questions, and more, in depth.
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Today's Must Read
[Why IBM Is Leaving The Marketing Cloud Business](
The plan is for Centerbridge to create a new standalone company, official name TBD, from IBM's assets, which include email marketing platform Silverpop and a handful of other capabilities from the Watson marketing portfolio, such as campaign automation, a bidding engine for display and real-time personalization. [More.](
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News Round Up
A Chance To Serve
The buy-side ad tech company Adform announced an investment on Monday by GRO Capital, a Danish private equity firm. The companies didnât disclose the size of the new round, and Adform COO Oliver Whitten tells AdExchanger that talks with GRO began in December 2018, when Adform backed out of its IPO plan. But he said the cash injection comes at a pivotal moment for Adform, since it wants to ramp up hiring and biz dev to go after ad server business suddenly up for grabs following Sizmekâs bankruptcy. Adform isnât the only ad server anteing up for Sizmek accounts. Flashtalking CEO John Nardone says that within a few days of Sizmekâs bankruptcy filing, his board had approved a plan to speed-hire about 30 new employees in addition to 15 prior open positions, as many brands and agencies look for an ad server replacement. The ad-serving startup Thunder originally planned a global expansion in 2020, when Google is expected to shut down its advertising ID worldwide, according to CEO Victor Wong, but the board has accelerated that plan because so much of Sizmekâs business in Europe and APAC is suddenly on the table.
Oh No, Gizmodo
Univision is selling Gizmodo Media Group to private equity firm Great Hill Partners. The Gizmodo properties will be rebranded under the name G/O Media Inc. and led by James Spanfeller, the former CEO of Forbes.com and president of consumer magazines at Ziff Davis. Terms of the deal were not disclosed, but sources tell The Wall Street Journal they expect Gizmodo to be sold for well below the $135 million Univision paid for it in 2016. While Gizmodo is another example of a digital publisher selling below a prior valuation, Spanfeller sees great value in Gizmodoâs audience â 67 million people visited its sites in February. He wants to double down on programmatic ad sales as well as ecommerce paid content to whip the company back into shape. [More](.
Around The Block
The German media conglomerate Axel Springer, the largest news company in Europe, has brought another suit against Eyeoâs Adblock Plus (ABP), a popular ad blocker, [PPC Land]( reports. Axel Springer has taken Eyeo to court a handful of times for alleged anti-competitive behavior, but its efforts never landed much of a blow. It won a [partial victory]( in 2016, when a court ruled that ABP couldnât force Axel Springer to pay whitelisting fees to serve ads to users who had consented to see ads. But Eyeoâs revenue mostly comes from networks like Google, Criteo and Taboola, not directly from news publishers. The new suit claims Eyeo violates copyright law because âad blockers change the programming codes of websites and thus directly interfere with the legally protected offerings of publishers.â
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Youâre Hired!
- [IPG Makes Raft Of Hires To Ad Tech Division In APAC]( - The Drum
[Media Needs the Creative](
[Ad Serve from the Source â AdBridgeâ¢](
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[Check out all episodes of The Big Story >>](
[AdExchanger Talks Episode 121:]( National Public Media's Tutuwa Ahwoi
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[AdExchanger Talks Episode 119:]( Brian O'Kelley
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[AdExchanger Talks Episode 115:]( Heat's Jocelyn Lee
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Events
[PROGRAMMATIC I/O + AdExchanger Awards](, San Francisco, April 29-30, 2019
[PROGRAMMATIC I/O](, New York, October 15-16, 2019
[Industry Preview 2020](, New York, January 28-29, 2020
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