Yahoo Announces New Online Ad Sales System
Yahoo today detailed plans for the 'AMP!', the company's forthcoming Web advertising management system that gives its ad sales-partners access to online ad space both on Yahoo and other major sites.
The widely anticipated system, known as AMP!, aims to simplify the
process of buying and selling online ads for advertisers, ad agencies,
fast-growing ad trading networks and Web site publishers.
The ad management system seeks to capitalize on Yahoo's strength as a Web site publisher that reaches 500 million Web users monthly and recent efforts to sell ads off of Yahoo through major partnerships or specialized ad-sales networks.
The planned advertising system, formerly code-named Apex, is the lynchpin of the company's strategy to reach outside its own base of users and increase its position as the "must buy" location for online advertisers.
While the strategy remains in its early stages, AMP! is one of the products which Yahoo management believes will help propel the company's next wave of growth. It is also one factor behind Yahoo's reluctance to accept Microsoft's unsolicited takeover bid.
"AMP! from Yahoo will enable advertisers and publishers to connect with each other and their exact target audiences across the increasingly fragmented Internet, in a way that's not possible with current solutions. We believe AMP! will deliver a faster, easier, and more automated and integrated way to create, buy, and sell advertising and do so across a transparent global marketplace. And with the time saved, the industry can better focus on developing great creative," said Hilary Schneider, EVP, Global Partner Solutions, Yahoo.
AMP! will be introduced in stages starting in the third quarter of this year, Yahoo said. It aims to give individual sites the capacity to sell ads across the Web, replacing single-site systems that still use e-mail and even faxes.
AMP! is a suite of tools that offers precise geographic, demographic, and interest-based targeting across a vast network of Yahoo sites and ad sales deals Yahoo has struck with more than 600 newspapers, Comcast and eBay.
It also includes niche Web sites such as WebMD, Forbes, the major ad networks, and thousands of smaller sites on the Web.
In its initial stages, AMP! is designed to expand the reach of dedicated sales forces at newspapers or sites such as WebMD to allow them to reach many times larger audiences outside of their own sites, where they can cross-sell their advertising.
A video demonstration of AMP! can be viewed at http://advertising.yahoo.com/amp.
The ad management system seeks to capitalize on Yahoo's strength as a Web site publisher that reaches 500 million Web users monthly and recent efforts to sell ads off of Yahoo through major partnerships or specialized ad-sales networks.
The planned advertising system, formerly code-named Apex, is the lynchpin of the company's strategy to reach outside its own base of users and increase its position as the "must buy" location for online advertisers.
While the strategy remains in its early stages, AMP! is one of the products which Yahoo management believes will help propel the company's next wave of growth. It is also one factor behind Yahoo's reluctance to accept Microsoft's unsolicited takeover bid.
"AMP! from Yahoo will enable advertisers and publishers to connect with each other and their exact target audiences across the increasingly fragmented Internet, in a way that's not possible with current solutions. We believe AMP! will deliver a faster, easier, and more automated and integrated way to create, buy, and sell advertising and do so across a transparent global marketplace. And with the time saved, the industry can better focus on developing great creative," said Hilary Schneider, EVP, Global Partner Solutions, Yahoo.
AMP! will be introduced in stages starting in the third quarter of this year, Yahoo said. It aims to give individual sites the capacity to sell ads across the Web, replacing single-site systems that still use e-mail and even faxes.
AMP! is a suite of tools that offers precise geographic, demographic, and interest-based targeting across a vast network of Yahoo sites and ad sales deals Yahoo has struck with more than 600 newspapers, Comcast and eBay.
It also includes niche Web sites such as WebMD, Forbes, the major ad networks, and thousands of smaller sites on the Web.
In its initial stages, AMP! is designed to expand the reach of dedicated sales forces at newspapers or sites such as WebMD to allow them to reach many times larger audiences outside of their own sites, where they can cross-sell their advertising.
A video demonstration of AMP! can be viewed at http://advertising.yahoo.com/amp.
