- The UK can relax some GDPR restrictions to get rid of pointless cookie requests. Complex compliance practices also hurt businesses and keep investors away.
- Vice has laid off a dozen employees because it plans to create less textual and more video content.
- Browser makers think that Google’s Privacy Budget concept can create many problems for the web. The privacy budget itself can become an identifier for fingerprinting.
- The Washington Post has optimized its site for Core Web Vitals. Pre-loading, placeholding, lazy loading are some of the many implementations that the publisher has carried out.
- Ad spends in tier 1 markets shot up 52% in Q2 2021.
- Search and Video ads will grow close to 50% by 2025.
- 42% of the US population will be listening to podcasts by 2025.
- Forbes announces plans to go public via SPAC.
- Politico is sold to Axel Springer for more than $1 billion.
- China passes its data protection law.
Ad Tech Trends for Publishers
Tier 1 Markets boomed during Q2
The US, UK, Australia, Canada, and New Zealand ad markets surged 52% during Q2. The markets haven’t only recovered, but they’re into the growth phase. The growth is followed by a modest 5% increment in the first quarter. Combining both the quarters, the first half of the year witnessed a 25% overall growth.
Credit – MediaPost
Consumer packaged goods, technology, pharmaceuticals, financial services, and apparel are some major contributing sectors.
Search and Video ad spend will grow by 50%
The Statista Advertising and Media Outlook predicts that search engine and digital video ads will grow by more than 50 percent over the next four years. Search ads are popular because they provide direct access to customers making purchase decisions. On the other hand, digital video ads will get the benefits from rising CTV adoption.
Older ad formats like print and display ads are fading slowly. Ad spends on print ads will decline by almost 30%. While banner ads will continue to grow slowly, social media ads will soon surpass them.
Podcasts are flourishing in the US
eMarketer reports that podcast production and listening are growing at the fastest pace in English-speaking markets. The US leads the list of top podcast-producing countries. Also, 42% of the US population will be listening to podcasts by 2025. After the USA, podcasts are most popular in Sweden, Norway, Australia, and Canada (among English-speaking countries). YouTube, Spotify, and Apple Podcasts are the top platforms enabling content consumption.
While ad spends are growing, advertisers are not sticking with the traditional ad formats. Consumer behavior is also changing, and people are looking for different kinds of content. As a publisher, try to keep up with the tastes of your advertisers and consumers.
UK can Relax some GDPR Restrictions
The UK’s exit from Europe can bring some good news to publishers. The British government can come up with lesser aggressive enforcement of its data and privacy laws. Doing so can put an end to pointless cookie requests in the country.
Oliver Dowden, Secretary of State for Digital, Culture, Media, and Sport of the United Kingdom, has set out proposals to turbocharge the country’s digital economy and allow flexibility in data usage. GDPR can sometimes be expensive and complicated to follow; it can hinder the growth of small businesses. For instance, hiring a Data Privacy Officer can increase the cost of running the business. Similarly, foreign investors may choose to stay away from the country because of the high risk of fines and lawsuits.
We know that the government cannot turn a blind eye to the privacy of the citizens. But, clear and feasible laws wouldn’t hurt anyone. The UK government is going in the right direction. We hope that its effort will benefit the publishers.
Strategies from Top Publishers
WaPo’s push for Core Web Vitals
Core Web Vitals can make or break your organic traffic. We know their importance and so do top publishers. Recently, the Washington Post optimized its site for the CWV metrics, and this is what it did:
- It started with identifying patterns among its poorly performing URLs.
- It automated Slack alerts for falling page performances.
- It implemented image pre-loading and placeholding along with “async” attribution.
- The publisher added placeholder elements wherever it implemented lazy-loading.
- WaPo discarded all the jumpy ad units and replaced them with ads that loaded fully in view. It also boosted the site’s viewability.
- Utilizing code splitting and removing unnecessary scripts has also helped the publisher with improving the site’s speed.
If you are also interested in improving your site’s Core Web Vitals, here are some resources for you:
- The Ultimate Guide to Core Web Vitals for Publishers
- How Ads Impact Core Web Vitals and What Publishers Can Do About It?
- 5 Tips to optimize AMP for Core Web Vitals
- How to Optimize Cookie Banners for Core Web Vitals
Vice doubles down on video
The popularity of video content isn’t breaking news. Publishers are also prioritizing video in their content strategies. But, Vice Media is doing the same at the expense of its text content. Recently, it announced that it’d reduce the number of text articles on its sites by 40 to 50 percent. Now, it has laid off a dozen employees that were working on text content.
Layoffs never bring positive publicity to your business. Companies avoid doing it until a serious pivot requires it. We hope Vice Media is doing it for the right reasons.
Google’s Privacy Budget Concept Raises Questions
There are always some parties who disagree with Google’s work. The latest complaints are regarding the Privacy Budget concept. Chrome competitors say that the idea is vague and unuseful. It can cause privacy harm and disable the web’s functionality. Others feel that there’s a lack of details about how the Privacy Budget would be implemented.
One of the problems that the proposal can cause is that it’d be hard to recognize logged-in users. The amount of budget can reveal prior browser behavior. “The way you spend your budget is in itself a unique identifier, which is ironic three times over,” says Pete Snyder, senior privacy researcher and director of privacy at Brave browser. When asked during the May W3C meeting whether Chrome would generate error messages if Privacy Budget limits run out, Google’s Cunningham wrote, “I don’t know what that would look like.”
So, there’s a lot of work remaining before the concept becomes a reality. Questioning will only help in the improvement of the ideas. The purpose of privacy budget is to prevent device fingerprinting, but it doesn’t have to be the only solution. The best idea should be implemented, no matter if it comes from Google or its competitors.
Moments that Matter
U.S. Revives Facebook Suit, Adding Details to Back Claim of a Monopoly – The New York Times
Forbes announces plan to go public via SPAC – CNBC
Politico to Be Acquired by Axel Springer, a German Publisher – The New York Times
China passes data protection law – TechCrunch