NEW YORK, Feb. 27, 2019 /PRNewswire/ -- Podcasting solution provider Voxnest, today announced the launch of the Voxnest Audience Network (VAN), a first-of-its-kind marketplace for in-audio advertising inventory. With VAN, Voxnest is offering brands and advertisers the ability to target precise audiences through buys across bundles of content, curated based on proprietary data to deliver impressions from a specific demographic profile.
Katz Media Group, which represents over 4,000 Radio Stations, 800 TV Stations and the largest Digital Audio offering in the U.S., reaching over 180 million monthly users, is the first company to sign on to the platform, enabling their advertising partners and agencies to leverage Voxnest's data-driven audience targeting for podcast advertising.
Advertisers are realizing that podcast advertising is an effective way to reach highly-targeted and engaged audiences. According to various studies, podcast advertising has become a more effective way for brands to gain attention since listeners are very attentive, hanging on to every word spoken, and are less likely to tune out to an ad compared to other mediums. People put their trust in the hosts of their favorite podcasts, so are more susceptible to brands endorsed by them. Also, ads spoken by the podcast host that are seamlessly woven into the show, are the most popular with listeners and podcasters.
The creation of VAN is part of Voxnest's ongoing commitment to increasing the value of audio publishing for content creators, advertisers and audiences alike. The international marketplace will enable brands to buy impressions based on audience demographics across a number of programs, all of which have passionate audiences within specified target group. In addition to delivering higher engagement while guaranteeing brand safety for advertisers, these bundles will also enable more, smaller shows to generate revenue.
"With VAN, we're eliminating one of the biggest barriers to podcast advertising adoption among many big brands and agencies - it's simply not 'mass' enough. Now, instead of manually purchasing inventory in the few shows that have the listener numbers they're looking for, advertisers can programmatically purchase impressions from the audiences they want. They're just across a number of different shows," said Francesco Baschieri, President of Voxnest.
The nature of podcasting has given rise to the success of advertising on the medium. Contrary to that of intrusive traditional advertising, where consumers often feel targeted, podcasting offers an intimate space, providing listeners a sense of familiarity and underlying trust.
"Advertisers win because they get the audience they want, creators win because they have more opportunity to earn money for their work and audiences win because more shows will have the opportunity to thrive," he continued.
"Katz is excited to be the first partner to incorporate the Voxnest Audience Network into its rapidly expanding podcast offering, PodKatz," said Scott Porretti, EVP of Digital for Katz Media Group. "We share Voxnest's belief that bringing advertiser's targeted scale will accelerate the growth in the podcasting marketplace. VAN will prove to be a great complement to PodKatz as we work to meet the increasing needs of advertiser demand in this space."
Voxnest is a technology company that provides professional solutions for podcasters and the brands looking to engage with listeners. The company's comprehensive tools for podcast creation, distribution, management, measurement, monetization and advertising include Spreaker, catering to independent podcasters, Spreaker Enterprise, a turnkey platform for enterprises, and Dynamo, a standalone monetization solution that gives any podcaster, regardless of host or distribution platform, the ability to earn revenue using Voxnest's real-time, dynamic ad injection technology. The company also works directly with brands looking to deliver highly-targeted, high-impact advertising campaigns through podcasts. The company, launched in January 2018 following the merger of Spreaker and BlogTalkRadio, is led by co-founder and President Francesco Baschieri. For more information, visit www.voxnest.com.
About Katz Media Group
Katz Media Group, representing over 4,000 radio stations, 800 television stations coupled with their expanding digital platforms in Audio, Video/OTT and Podcasting, is the largest media representation company in the United States. Katz Media Group provides advertisers and agencies one point of access to nearly 300 million active consumers across the country. Katz is based in New York City with sixteen regional offices across the country.