AdAuction.com Evolves Into One Media Place

In an effort to expand beyond the auction model and beyond remnant onlineand outdoor advertising avails, AdAuction.com, the first online mediamarketplace, plans to change its direction and re-brand itself as One Media Place.

In an effort to expand beyond the auction model and beyond remnant online and outdoor advertising avails, AdAuction.com, the first online media marketplace, plans to change its direction and re-brand itself as One Media Place.

“One Media Place is the next-generation evolution of Adauction.com,” reads a line on the company’s new Web site.

Published reports have tied AdAuction.com’s new identity to CMGI — not a surprising link, since the holding company has a number of ad industry properties, but so far has not invested in an online advertising exchange. One report said CMGI was investing in One Media Place, and another said the new entity was formed through partnership with CMGI’s Engage Technologies. Even an outright acquisition might make sense. Company officials wouldn’t confirm the reports, but did say AdAuction.com would be announcing news later this week.

There’s likely more to the story, although officials are tight-lipped. Besides having registered the onemediaplace.com domain name, AdAuction.com executives have also registered variations on twomediaplace.com and threemediaplace.com. No one is saying what will be built with those domain names, and they all currently point to “under construction” pages.

Online advertising industry exchanges have become the industry’s latest hot model. Last week, MediaInternet.com launched a beta release of its advertising industry exchange and portal. A group of ad industry veterans, with the support of McCann-Erickson Worldwide, have announced plans to create another, MediaMarketMakers.com. An established exchange, AdOutlet.com, recently picked up a $25 million investment.

From the Web site, it appears AdAuction.com is significantly widening its mission with the launch of One Media Place. The word “auction” doesn’t appear in any description of its services, which may mean that it’s abandoning the model. Instead, the company touts, “Adjustable pricing based on real-time supply and demand.” The auction model has been criticized as requiring too much time from media buyers, and for driving down the price of inventory.

In addition, in the new incarnation, the company will expand into print, radio, and television. Within the past few months, AdAuction.com has hired a number of top executives — including chief executive officer Jerry Machovina — with expertise in traditional media.

The company also plans international expansion, and has added executives with experience in other markets.

Subscribe to get your daily business insights

Whitepapers

US Mobile Streaming Behavior

Whitepaper | Mobile US Mobile Streaming Behavior

5y

US Mobile Streaming Behavior

Streaming has become a staple of US media-viewing habits. Streaming video, however, still comes with a variety of pesky frustrations that viewers are ...

View resource
Winning the Data Game: Digital Analytics Tactics for Media Groups

Whitepaper | Analyzing Customer Data Winning the Data Game: Digital Analytics Tactics for Media Groups

5y

Winning the Data Game: Digital Analytics Tactics f...

Data is the lifeblood of so many companies today. You need more of it, all of which at higher quality, and all the meanwhile being compliant with data...

View resource
Learning to win the talent war: how digital marketing can develop its people

Whitepaper | Digital Marketing Learning to win the talent war: how digital marketing can develop its people

2y

Learning to win the talent war: how digital market...

This report documents the findings of a Fireside chat held by ClickZ in the first quarter of 2022. It provides expert insight on how companies can ret...

View resource
Engagement To Empowerment - Winning in Today's Experience Economy

Report | Digital Transformation Engagement To Empowerment - Winning in Today's Experience Economy

4w

Engagement To Empowerment - Winning in Today's Exp...

Customers decide fast, influenced by only 2.5 touchpoints – globally! Make sure your brand shines in those critical moments. Read More...

View resource