Today's Must Read - Podcast: Michael Bologna Changes The Channel
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Today from AdExchanger Monday, December 18
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Today's Must Read
[Podcast: Michael Bologna Changes The Channel](
In this episode Bologna talks about the new company, its customers and its opportunity. He also does some year-end crystal-balling, predicting Netflix will roll out an ad-supported model in the next one to two years. [More](.
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News Round Up
Peltz On Board
After [winning a November recount](, activist investor Nelson Peltz has been named to the P&G board. In a letter to shareholders, company Chairman and CEO David Taylor said Peltz will become a P&G director as of March 1. He added that discussions around Peltzâs board seat have been constructive and have included agreements âthat we are NOT predisposed to taking on excessive leverage, or substantially reducing R&D spending, or advocating for a break-up of the Company, or moving the Company out of Cincinnati.â [Read the letter](.
Pubs Fight Back
Refinery29 is the latest digital media publisher to go through a round of layoffs, releasing 7% of its staff. "This year has been especially challenging for digital media and advertising companies," said the company in a statement. "Refinery29 has seen tremendous growth but is not immune to some of the negatives that this growth brings.â Refineryâs layoffs follow a tough year for digital media. Vice and Mic laid off employees in a businesswide âpivot to video. â And in November, BuzzFeed [laid off]( 100 people to reorganize its business around programmatic sales and TV-style programming. âThe media is in crisis,â wrote BuzzFeed CEO Jonah Peretti in a [note]( to staff this month. âGoogle and Facebook are taking the vast majority of ad revenue, and paying content creators far too little for the value they deliver to users.â [BI has more](.
Pick Your Brain
After a former Facebook exec claimed social media is ripping society apart, Facebook published a [post]( on Friday in response. As a counterpoint, Facebook cites its own attempts to make its site âmore about social interaction.â These attempts include, for instance, suicide prevention tools and enhancements like Take a Break, which lets people control visibility of posts from their ex-partners. âWeâre also making investments to better understand digital distraction and the factors that can pull people away from important face-to-face interactions.,â write Facebook research director David Ginsberg and research scientist Moira Burke. [More at The New York Times](.
The States Of Play
Net neutrality isnât going down without a fight. Soon after the Trump administration scrapped rules preventing internet service providers from prioritizing bandwidth for certain content, a coalition of attorneys general pledged to sue the FCC. Also, policymakers from California and Washington are working to ensure net neutrality protections in their own states. However, these states face a tough road against the federal decision, which âexplicitly seeks to override local policy makers from pursuing their own laws,â [Recode reports](. For advertisers, net neutrality makes way for ISPs that are also content providers, like Verizon and Comcast, to push ad spend for their own properties. [[AdExchanger coverage](]
But Wait, There's More!
[Sinclair Purchase Of Tribune Likely To Win DOJ Approval]( - WSJ
[The Advertising ID Consortium Adds The Trade Desk, New Members]( - release
[Amazon Prime Membership Growth Slows In The US]( - Business Insider
[Balancing Omnichannel Ads With Individual Channel Concerns]( - eMarketer
[Netflix And Spotify Ask: Can Data Mining Make For Cute Ads?]( - NYT
[Disney Is About To Become The Walmart Of Hollywood]( - Bloomberg
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Events
[Industry Preview 2018](, NYC, January 17-18, 2018
[PROGRAMMATIC I/O](, San Francisco, April 10-11, 2018
[PROGRAMMATIC I/O](, New York, October 15-16, 2018
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