In recent weeks, six major media companies announced they would pair off to combine their forces: Vox Media and New York Media, Vice Media and Refinery29, and Group Nine and PopSugar.
Media buyers are excited because it could mean more opportunity for innovation, better technology and an easier process for them to purchase inventory. “Given the marketplace realities,” said Alexandra Levy, CEO of Silicon Alley Media, “providing more scale and offering greater buying efficiency is a requirement these days to compete with the big three,” referring to Amazon, Facebook and Google.
Publishers, too, are quick to highlight how their acquisitions fit with their existing audiences, which they can use to compete for digital ad dollars using their rich reader analysis tools. Expanding established events, like Refinery29’s 29Rooms, and having the…