Vox Media and New York Media are merging to create a portfolio of brands so they can better compete against platforms and build diversified businesses at scale, the companies announced Tuesday.
“The conversations we have with marketers every day are about the engagement around our brands, scale and performance,” Vox Media Chief Revenue Officer Ryan Pauley told AdExchanger. “This [merger] objectively increases our value in each of those areas.”
New York Media will receive stock in Vox Media and become part of a portfolio that spans sports, tech, news, fashion, food, shopping, gaming and entertainment. Vox Media’s unique monthly visitors, which range from 85 million to 90 million, will grow to 125 million.
The increased scale and breadth of content will expand the set of brands that could work with Vox Media.
“There isn’t a brand in the world we can’t...have a conversation with,” Pauley said.
Both companies have diversified content brands, and each has taken steps to expand their revenue streams. New York Media is further along in commerce and digital subscriptions, while Vox Media is more advanced in programmatic, podcasts and TV content production, Pauley said.
Programmatic opportunity
New York Media made its first programmatic hire just a year ago, when it brought on Jeremy Fass. In comparison, Vox Media has spent five years building its programmatic business. It also operates Concert, an ad network that runs across premium content sites with high-impact ad units.
In Q4, Vox Media will identify clients whose campaign objectives suggest they’d benefit from the increased scale of adding New York Media inventory, Pauley said.
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