WaPo to discontinue ad tech arm Zeus as a standalone business

  • 📰 axios
  • ⏱ Reading Time:
  • 47 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 63%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

The Washington Post will no longer operate its ad tech division, Zeus, as a standalone business, according to a note sent to employees.

will no longer operate its ad tech division, Zeus, as a standalone business, according to a note sent to employees Tuesday obtained by Axios. Most Zeus employees will be redirected to roles within The Post's ad sales department.: Folding Zeus into The Post's existing ad sales team ends its efforts to make money by licensing its ad tech software to other premium publishers.

The rise of subscriptions and direct-to-consumer products — like newsletters and podcasts — as well as growing competition from other ad tech marketplaces, made it harder to scale the offering.: The company will incubate the Zeus Prime technology to be used internally by The Post's own advertising team, according to the note. Its self-serve ad tools will now serve The Post's own ad tech clients.

Prior to these changes, Zeus existed as an independent division within The Post, reporting into both its tech and sales divisions. Earlier this year, The Post sunsetted Zeus Performance, an ad optimization tool that was licensed to publishers, an early indicator that its licensing efforts were struggling.: The company had planned to shift more energy into Zeus Prime after shuttering Zeus Performance, but an ad market slowdown made it difficult to continue growing Zeus Prime's network of premium publishers.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 302. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines