Magna, Tribune Launch Local Programmatic Buying

WideOrbit Provides Technical Capabilities For Automation & Targeting

Magna Global said it is working with Tribune Media Co. and WideOrbit to launch WO Central, which offers programmatic targeting and automated buying in local media for local and national marketers.

Hearst, Meredith, Raycom, Scripps and Sinclair also agreed to participate in testing of WO Central. The station owners are part of a consortium set up to advance programmatic buying by Magna, the media investment unit of IPG Mediabrands.

Programmatic has been a hot buzzword in the media world but most automated buying has involved digital inventory. These companies plan to use programmatic technology to make local TV commercial inventory more attractive to marketers.

WO Central provides a live environment for trading linear television station inventory across geographic areas ranging from specific DMAs to the entire U.S. WideOrbit inventory management systems are used in 70% of TV stations in North America. Its system is also employed by more than 30% of cable networks and 15% of radio stations.

The system also incorporates Nielsen’s Local Buyer Reach and IPG Mediabrand’s Audience Measurement Platform, two sophisticated audience analysis tools that will help deliver efficient TV ad schedules.

Ready the full story at B&C.