The Digiday Podcast

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Emerson Collective’s Raffi Krikorian explains why he’s technically optimistic about AI’s societal implications Jul 11, 2023

Show notes

Raffi Krikorian would have a better than average read on the artificial intelligence landscape, including as it pertains to potential regulation.

Not only is the Emerson Collective CTO also the CEO of conversational AI company SpeakEasy AI, but the former Twitter and Uber executive was also the former CTO of the Democratic National Committee. And even Krikorian is unsure whether the U.S. Congress will be able to institute any guardrails around the new technology.

“We are still so far away from being able to understand the nuances. I think there’s only one person in the House of Representatives right now [Rep. Jay Obernolte] that has an advanced degree in artificial intelligence,” said Krikorian on the latest Digiday Podcast episode.

Nonetheless, Krikorian leans toward optimism, not only in the potential for Congress to regulate AI but in the potential for AI overall. His recently launched podcast is called “Technically Optimistic” after all. The show debuted in late June with a five-part series centered on AI and the nuances of the subject that could prove helpful not only to members of Congress but to anyone trying to wrap their heads around the technology’s implications for society.

“The world divides itself in two ways when it comes to AI these days. There is the world [of] ‘We’re going to live in a sci-fi future where everything is miraculous,’ and then there’s the doom and gloom. And I think there’s a lot of gray in the middle,” Krikorian said. “However, I think that, as people learn to understand the gray, we can get to a place where we all can be optimistic.”

What’s going on with the media and advertising industries at 2023’s midway point Jul 04, 2023

Show notes

If you’re feeling a little punch-drunk by all the economic downturn talk through the first six months of 2023 (and really, through the last six-plus months of 2022), you’re not alone. Digiday editors and Digiday Podcast co-hosts Kayleigh Barber and Tim Peterson are feeling it too.

At the year’s midway mark, the pair compare notes on the state of the media and advertising industries. The discussion ranges from the decline in ad spending to the rise of generative AI, with the duo delving into how the ad sales cycle has changed and to what extent those changes are temporary or permanent.

How Salon, TVTropes and Snopes improved programmatic CPMs with traffic shaping Jun 27, 2023

Show notes

As the CRO of Salon.com, Justin Wohl is a self-proclaimed programmatic purist, meaning that when it comes to ad sales, the news publisher is almost entirely monetized through the open programmatic marketplace.

After joining Salon in 2017, Wohl said that it was clear direct-sold advertising wasn’t performing and his team reconfigured to focus exclusively on the open marketplace. Two years later, Salon achieved profitability.

Today, Wohl — who also serves as the CRO of TVTropes and Snopes — is using traffic shaping to maintain which ad inventory is being sold across each brand. n the latest episode of the Digiday Podcast, Wohl talks about why he’s willing to take a short-term gross revenue hit (of “a few percentage points”) to purify how his brands are sold in the programmatic open marketplace and ultimately improve the CPMs that his team can charge.

From Cannes: Why emissions need to be taken seriously today, not tomorrow Jun 23, 2023

Show notes

The final episode of the Digiday podcast at Cannes centered around a topic which everyone on the planet — but especially the digital marketing ecosystem — should be thinking and doing something on: sustainability and carbon emissions reduction.

Recording once again from Spotify's podcast studio along the beach of the Croisette, Anne Coghlan, co-founder and COO of Scope3, explained not only all three "scopes" of emissions that companies must assess (and most have a handle on scopes 1 and 2), but outlined some steps that can be taken to reduce their scope 3 emissions. And those publishers that do not make serious attempts to mitigate their impact on the environment could see the business they hope to attract get reduced over time.

The fact is, digital advertising is still reckoning with the fact that it's not only wasteful from an inventory point of view, but its massive need for energy to run itself is larger than many realized. And that will only get worse when — no longer if — generative AI gets adopted as quickly as Cannes conversations imply.

"There is this need to be skeptical and ask the right questions here, and be thoughtful about making sure that sustainability is brought into businesses decisions," Coghlan told Digiday, "and it's not a separate column at the side that has a checkbox at the end."

And that wraps up the Digiday at Cannes podcasts. If you missed any of the first four, they include conversations with S4 Capital's Sir Martin Sorrell/HP's Tara Agen, Zambezi's Jean Freeman and Grace Teng, PMG's George Popstefanov, and programmatic analyst Tom Triscari.

Till next year.

From Cannes: Analyzing the ad-tech firms along Yacht Row with Tom Triscari Jun 22, 2023

Show notes

On a blustery day at Cannes Lions (which prevented us from recording outside), I walked along Yacht Row, well known for the plethora of ad-tech and mar-tech firms that rent the floating party boats moored in Jetée Albert Edouard just astride the Palais des Festivals. I was accompanied by Tom Triscari, an independent analyst who covers the programmatic and ad-tech scene -- and was once worked in the industry.

Together we chose several companies for Triscari to assess in terms of potential and challenges, including IAS, DoubleVerify, Magnite, OpenX, Criteo, Cognitiv and Experian -- but the conversation naturally brought up some of the biggies that didn't rent yachts but still make their presence felt in the ad-tech market (such as The Trade Desk).

"If you're on Yacht Row, you're there to close out some deals, because revenue is tight, there's consolidation, and you know, I think there's some concern out there around that top line growth," Triscari explained. "And therefore what what are you left with? You're left with maybe some cost cutting if you're going to make your number. So they're all out there trying to make deals for the investment they put into the yachts, which is not cheap."

Tune in tomorrow for Digiday's final podcast from Cannes Lions. And if you missed them, please give a listen to Digiday's conversations with Sir Martin Sorrell and HP's Tara Agen, Zambezi's Jean Freeman and Grace Teng, and PMG's George Popstefanov.

From Cannes: How PMG plans to keep building its tech (with AI) to blend media and creative Jun 21, 2023

Show notes

In our third episode of the Digiday podcast here in the south of France, I chatted with George Popstefanov, founder and CEO of independent agency PMG, which is best known for beating out several holding-company agencies for Nike's North American media business.

Popstefanov is proud that his agency started in 2010 with several engineers as part of its core — and tech and engineering remain a vital part of what PMG does for its clients. But he's also very interested and active in finding ways to put generative artificial intelligence to use simplifying functions and helping to iterate the thousands of versions of content and advertising that personalized communication promises.

Recorded in Spotify's studio on the beach at Cannes Lions, here's my conversation with Popstefanov.

As Twitch backpedals rev share policy, UTA’s Damon Lau thinks creators are poised to win Jun 20, 2023

Show notes

The gaming industry has experienced its fair share of ups and downs over the last few years, much like the rest of the media space. But it seems that the chips have fallen in a way in which gaming creators, specifically those who stream their content on live platforms like Twitch, YouTube and Kick, are in a position of power.

At least, that’s how Damon Lau, head of gaming and esports at United Talent Agency, is measuring the recent trajectory of the industry. With video streaming platforms like Twitch constantly changing the revenue share models for creators on the platform, competing platforms like YouTube, Kick and even TikTok are stepping up to try and win over creators’ exclusive streaming rights.

On the latest episode of the Digiday podcast, Lau discusses how his clients are thinking about their partnerships with streaming platforms, as well as how advertisers are starting to go to creators themselves for native advertising deals, rather than going through the platforms with their ad dollars.

From Cannes: How to deal with the reaction to 'woke' culture Jun 20, 2023

Show notes

Day two of the Digiday podcast at Cannes Lions, and our guests were Jean Freeman, CEO and principal of L.A.-based Zambezi agency, accompanied by Grace Teng, who runs Scale by Zambezi, the agency's media unit.

In an era where rebundling is back on the table, creative shop Zambezi was a bit ahead of the curve by launching Scale by Zambezi back in 2018, and both Freeman and Teng shared their thoughts on how media innovation has made the creative stronger and more engaging, while creative inspired media to try new activations using data and analytics.

On the hot topic of AI, Teng shared her experiences playing with Chat GPT for a health drink client. "We've actually just been playing around with it and had recommendations for clients recently, which have been pretty positively received," said Teng.

Being a women-owned company hasn't come easily, but Freeman said that while she's in France, she's looking to expand on Own It, the group she co-founded to help raise awareness about the still-small number of women-run agencies.

Make sure to tune in tomorrow for the next Digiday podcast at Cannes.

From Cannes: Sir Martin Sorrell and HP's Tara Agen on the power and influence of AI Jun 19, 2023

Show notes

Welcome to The Digiday’s Podcast at Cannes.

The first guests are Sir Martin Sorrell, founder and chairman of S4 Capital, parent of Media.Monks digital agency network, and Tara Agen, head of marketing operations and martech for HP, which is a Media.Monks client.

In a wide-ranging conversation that touched on encouraging diverse hiring, economic prospects for the second half of the year and favorite Cannes restaurants, the topic that dominated was AI and its impact on the marketing ecosystem. In fact, Sorrell and Agen traded questions and insights with each other.

Sorrell laid out five things he sees AI impacting, while Agen noted that AI already had been a part of HP’s processes for years.

Spotify’s Lee Brown talks up the platform’s latest advertiser pitch Jun 13, 2023

Show notes

Spotify will head to this year’s Cannes Lions festival with a new product to peddle to advertisers: Spotify Ad Analytics. The measurement tool aims to provide advertisers with reporting on how their ads are performing on Spotify as well as the impact they are having on advertisers’ businesses outside the platform through the corresponding introduction of the platform’s own tracking pixel.

“It’s taking the incredible understanding that we have from [Spotify-acquired podcast measurement service] Podsights and extending it beyond just pods, bringing it to music, bringing it to all regions and enabling it for free. And giving that service to advertisers to let them have better understanding, better depth of insights against how their campaigns are performing not only on Spotify but anywhere their audio is running with the opportunity to introduce the Spotify pixel to help them in one dashboard track all of their audio and all of their analytics against audio in one place,” Spotify vp and global head of advertising business and platform Lee Brown said on the latest Digiday Podcast episode.

The new measurement tool is part of Spotify’s plan to get its advertising business to eventually represent 20% of its overall revenue. Since the fourth quarter of 2021, its advertising business’s share has hovered between 10% and 14%. Growing its advertising business will also be an important component to growing its podcast business, which has seen growth but contributes a smaller percentage of ad revenue compared to ads airing against music content. Spotify’s podcasting organization underwent a round of layoffs earlier this month that included the cancelation of six original shows.

During the annual advertising confab, Spotify will also show off the AI DJ that it unveiled earlier this year and that is designed to provide personalized recommendations for the platform’s users. “The way I like to describe it is it’s like the voice of our algorithm,” said Brown.

Spotify has yet to apply generative AI technology to its advertising business, but Spotify head of podcast innovation and monetization Bill Simmons recently teased that the company is developing an AI-generated ad product.

Asked about Spotify’s AI-based ad plans, Brown said, “We’re still in the early stages of developing out the long-term strategy. I think we’re testing across several different vectors within that space, whether it’s automating translation, automating scriptwriting, automating the creative process.”

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