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Vibrant Cashes In on 'Clunkers'
Aug 13, 2009, www.mediaweek.com Vibrant Media, which delivers contextually relevant ads tied
specific words to content Web sites, has enjoyed a solid boost in
business from the U.S. government’s “Cash for Clunkers”
program.
The online ad seller—best know for ads which appear when users
mouse over highlighted and underlined words—began running campaigns
from Nissan and Toyota around July 24, when the program was
launched, leading to unexpected heavy demand. Though Vibrant
officials were unable to comment on specific clients or spending,
sources said that the two four-week campaigns have each brought in
incremental dollars in the six-figure range
Both auto import brands’ campaigns are live on various news- and
auto-related sites, including MSNBC.com, as both companies have
deliberately sought to leverage the flurry of news surrounding the
popular program. “We were very quickly able to put together ad
offerings,” said John Sedlak, Vibrant's senior vp, sales/strategic
alliances. Vibrant was able to offer brands ad packages featuring
over 400 keywords. “We knew there would be a lot of press.”
Initially, Congress allocated $1 billion for the Clunkers program,
which allows people who own older, less efficient cars to trade
them in for up to $4,500 in credit for a new vehicle. After the
funds nearly ran out in a week’s time Congress and President Obama
moved to add an additional $2 billion to the program, which is
anticipated to last until October.
Vibrant officials are now hoping the extension leads to more brands
jumping on the in-text tactic. “We’ve got more clients interested
in seeing what happens in September, said Gabe Greenberg, Vibrant’s
senior vp, autos vertical. “People are really watching to see what
is going to happen in the market. For us, we hope the government’s
budget lasts as long as they expect it to.”
Courtesy of www.mediaweek.com
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