Internet advertising revenues in the U.S. hit a record-breaking high of $10.69 billion for the third quarter of 2013, according to the latest figures released today by the Interactive Advertising Bureau (IAB) and PwC US.
Internet advertising drove $9.26 billion in spending in the third quarter of 2012, up 18 percent over the third quarter of last year, according to the Interactive Advertising Bureau and PricewaterhouseCoopers.
Internet advertising revenue was up 14 percent year-over-year in the first half of 2012, according to a new report by PriceWaterhouseCoopers and the Interactive Advertising Bureau. Online advertising accounted for $17 billion in spending in the first half of the year, the report says. Mobile advertising nearly doubled to $661 million in the second quarter.
The Interactive Advertising Bureau, the Association of National Advertisers, and the American Association of Advertising Agencies (4A’s) used the IAB’s Fourth Annual Leadership Meeting, Ecosystem 2.0: The People vs. Data at La Quinta Resort & Club in Palm Springs, Calif., to announce an initiative called Making Measurement Make Sense, which is aimed at developing digital metrics and cross-platform measurement solutions to improve marketing and ease media-management decision.
The trade groups said the three primary objectives of Making Measurement Make Sense are: defining standard metrics and measurement systems that are transparent and consistent to simplify the planning, buying, and evaluating of digital media; analyzing the current digital measurement situation from a business perspective; and driving industry consensus around the solutions.
Randall Rothenberg will return to the posts of president and CEO of the Interactive Advertising Bureau, which he held since 2007 until leaving for about two months to become executive vice president and chief digital officer at Time Inc.
During his tenure at IAB, the digital trade group has seen membership rise more than 50 percent and revenues more than double. IAB also opened a public-policy office, launched a campaign to promote creative excellence in interactive brand advertising, released relevant industry research, launched an effort to standardize online measurement, and saw its events become the industry’s central gathering points.
Interactive Advertising Bureau president and CEO Randall Rothenberg is leaving the IAB, which he has led since January 2007, to assume the newly created post of executive vice president and chief digital officer at Time Inc.
In his new position, Rothenberg will develop the publisher’s digital growth strategy, in tandem with its digital teams in editorial, advertising, content, technology, consumer marketing, legal, research, and marketing services. He will also serve as one of Time Inc.’s representatives on the Next Issue Media board and become the senior executive responsible for relationships with industry associations, measurement groups, distributors, and other major companies.
Executive VP and chief operating officer Patrick Dolan and senior VP and chief marketing officer David Doty, who were both promoted last week, will oversee the IAB until a new CEO is named, and the organization said the search has already begun.
Zaneis was elevated to senior vice president and general counsel, from VP of public policy; former executive VP and chief administrative officer Dolan is now executive VP and chief operating officer; and Doty was promoted to senior VP and chief marketing officer, from senior VP for marketing and thought leadership.
Zaneis will continue to lead the IAB’s public-policy office and guide the strategy of its self-regulatory privacy program, as well as overseeing outside counsel and coordinating IAB legal resources in industry relations, public policy, and other critical initiatives. Dolan will assume broader organizational responsibilities. And Doty will spearhead the communication of interactive marketing’s value to marketers, advertising agencies. and other key constituents.
The Interactive Advertising Bureau (IAB) recently released its guidelines for social media ad metrics as well as best practices, reports B to B. The documents aim to set definitions, common metrics and industry best practices that are specific to the growing field of social media advertising.
Jordan Berman, executive director of media innovation for AT&T Mobility, and Scott Kelliher, director of mobile advertising at Virgin Mobile USA, represented the carrier segment at the IAB‘s Mobile Leadership Forum. AT&T may have the iPhone and 71 million subscribers compared with the MVNO’s five million or so customers, but when it comes to mobile advertising, both companies recognize that the key to success is recognizing that the consumer is at the heart of the situation.
When questioned about the most pressing mobile advertising issues facing their companies, Berman listed trying to align the entire organization to focus on the advertiser as a new type of customer and then connecting the advertiser to the subscriber “in a way that results in deliverables.” Being much smaller, Virgin is working with its customers to come up with different ways to offer the branded content they want, Kelliher said.
Berman brought up the “halo effect” AT&T – and its rivals – are seeing thanks to the iPhone. He pointed out that Apple’s iPhone not only creates more visibility for AT&T, but for the mobile Web as a whole. It “raises the bar,” he said with a cringe for invoking AT&T’s wireless ad-speak, and said that consumers with other phones are now looking at their devices and wondering if they can access the Internet.
Kelliher concurred with Berman, noting that the iPhone also made Virgin’s customers look more deeply into their phones to see what they can do.
Throughout the various sessions at the IAB‘s first mobile advertising event two themes resonated: “It’s all about the consumer” and “the real impact of mobile advertising is what happens after the click-through.”
Some other takeaway snippets from the forum, which was held in New York on Monday.
Gary Schwartz, president and CEO of Impact Mobile noted that the role of mobile advertising is to take all the marketing material that’s out there and make it clickable.
Mike Anderson, lead consultant for Live Nation‘s ConcertVision program, discussed how his company, the top concert promoter, has already embraced mobile and has plans to integrate it even deeper into its business model.
To read about it, and other tidbits from the conference, click continued.