ITN, the leader in automated activation technology for local TV, and Magnite, the largest independent sell-side advertising company, announced a breakthrough collaboration to modernize the execution of local TV advertising, enabling advertisers to transact live linear ads from local TV stations programmatically for the first time.
The local TV advertising market is expected to reach $21 billion in the US this year. As advertiser demand for live local inventory rises, ITN and Magnite are making local TV supply easier to buy.
This collaboration builds on the successful launch of ITN’s local linear SSP in late 2024. ITN’s platform is built on its extensive supplier network, which includes 75 broadcast ownership groups spanning over 1,100 stations.
ITN’s technology translates local linear ad supply from TV stations into biddable impressions and connects to Magnite’s SpringServe ad server to combine the scale of local linear with the ease of digital automation.
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The integration supports:
- Real-time bidding and VAST workflows that allow advertisers to buy live local linear TV programmatically alongside streaming and online video buys.
- A bid multiplier that forecasts impressions for one-to-many delivery channels. While most programmatic platforms focus on individual ad targeting, Magnite’s SpringServe platform also supports linear TV delivery, allowing advertisers to easily add local linear to their media plans alongside impression-based buys.
- A seamless back-end workflow that allows local TV stations to compete directly for advertising dollars alongside national networks and online streaming alternatives.
“Programmatic linear TV is finally happening,” said Todd Watson, CEO of ITN. “Linear TV is still one of the most powerful mediums available to advertisers, but it was getting squeezed out of media plans because it was harder and more expensive to activate than its digital counterparts,” Watson said. “This collaboration changes all that.”
Said Matt McLeggon, SVP, Advanced Solutions at Magnite: “Local linear TV represents massive incremental reach and scale for digital advertisers – and it’s a very valuable way for them to connect with audiences they may be missing. Our collaboration with ITN marries linear-focused technology with programmatic efficiency to create an ideal TV ad buying experience.”
SOURCE: PRNewswire