What: Yahoo has issued an statement where it claims that Yahoo Recommends, a monetization platform for publishers and part of its suite of publisher solutions, will be closed to new sign-ups. Why it matters: The moves comes at difficult times for Yahoo, as the company has been experiencing a sucession of slumps lately. Yahoo Recommends visitors will be directed to its other products.
Yahoo has issued an statement where it claims that Yahoo Recommends, a monetization platform for publishers and part of its suite of publisher solutions, will be closed to new sign-ups and visitors will be directed to its other products.
“Yahoo Recommends signups are now closed, ”said the company through the statement. “We have not made the decision to shut down Yahoo Recommends, however, we are not actively signing up new publishers at this time,” told a spokesperson to Digiday.
We have not made the decision to shut down Yahoo Recommends, however, we are not actively signing up new publishers at this time
Yahoo Recommends, a competitor to platforms like Taboola and Outbrain, had been launched in September 2014.
The moves comes at difficult times for Yahoo, as the company has been experiencing a sucession of slumps lately, like shutting down several of its other properties including its digital “magazines.”In addition, the company has been forced to put its core business for sale, while slashing 15% of its workforce.
Yahoo Recommends is powered by Yahoo’s personalization technology and enables publishers to display its articles in a variety of layouts on desktop and mobile,while featuring ads served through Gemini from other publishers and advertisers. The ads allowed content recommendation companies to get paid when people click on the content or ads in the widgets.
Yahoo Recommend was able to get three well-know publisher names when it was launched: CBS Interactive, Hearst Magazines and Vox Media, according to Digiday. However, CBS Interactive later signed with Taboola and Hearst began using my6sense to power suggested articles on its sites. Vox Media sites are still displaying the Yahoo Recommends widget.
CBS Interactive has signed an agreement with Busca Corp. to monetize its traffic from Latin America. Through this agreement, Busca Corp. will have exclusive representation of CBS interactive in Latin America and will offer more than 30 premium digital properties from the network in the region.Portada spoke with Ramon Toledo, president of Busca Corp. and Jason White, Vice President, from CBS Interactive.
Translated by Celeste Martorana
“With a growing presence in Latin America, we saw a great opportunity in making this agreement with Busca Corp. to monetize our traffic through our local advertisers,” Jason White, Vice President of CBS Interactive, told Portada.
Ramon Toledo (photo), President and Founder of Busca Corp. tells us that “About a year and a half, we started thinking on working together with CBS Interactive in Latin America. Back then, we were going to launch CNET in Spanish for Latin America, but later CBS Interactive decided to do it in-house and only for the Hispanic market in the U.S. So after a while, we eventually agreed to become the exclusive sales representative in Latin America for the next two years. ”
Among all CBS Interactive’s digital properties that Busca Corp. monetizes in the region are: CNET.com, Download.com, Gamespot.com, Metacritic.com and Last.fm. Most sites are in English, except some like Last.fm that also has content in Spanish.
Nowadays, Last.fm, CNET and Gamespot is what we sell the most. We have been also specifically asked us to advertise on download.com
Initial Focus on Mexico
The agreement’s first year focuses towards the Mexican market and then expands to the rest of Latin America
There are about 300 million Internet users and more than 680 million active mobile subscribers in the region, according to Search Corp. “While CBS Interactive digital properties generate more than 200 million unique visitors and over 900 million of pages viewed each year in Latin America, this is only a piece of the immense potential there is in the region,” says Henry James, Director of Operations at Busca Corp.
Busca Corp.’s monetization plan for selling advertising on sites involves focusing on the Mexican market throughout the first year of the agreement and only then expand operations to the rest of Latin America.
“The biggest LatAm market (except for Portuguese-speaking Brazil) is Mexico .This is a key market for us because we know it quite well and we work with many clients there. That is why we have decided to go strong in Mexico and then move to Chile, Colombia, Argentina and Peru, during the second year,”said Toledo
We will target Chile, Colombia, Argentina and Peru, during the second year of the contract
Toledo says that this decision is based on the idea that the Latin American market, taken as a whole, is a “difficult market”. “There are several markets in the region and quiet different from each other, and although we all speak Spanish, all markets remain different in Latin America, with its’ own players, specific interests and presence of different agencies in each country.”
The structure of each market in Latin America is very specific, even though we are a single region and we all speak Spanish
Marketing English sites in Latin America: quite a challenge
Toledo says that “Mexico is a little more open to investing in U.S. portals. But in the rest of Latin America, they mostly invest in portals with content in their own language. Ahead of this, our strategy has been to sell in Mexico packages that include CBS Interactive portals in English and also target international companies that have e-commerce and traffic in Latin America, like we do, for instance, with brands such as Samsung or Sony. ”
Our strategy is to target renowned brands with traffic in Latin America that also work with e-commerce
The challenge, according to Toledo, also involves a question of “agencies education.” “We have to explain that the many Mexicans who enter sites in English are considered premium audiences because they can both speak and read English and belong to a high socioeconomic status.” Major U.S. media properties such as the New York Times, The Wall Street Journal and the The Washington Postalso sell their Latin American IP’s to global advertisers.
CBS Interactive traffic in Latin America is premium, not junk, because that is what we sell
CBS Interactive (CBSi) plans to introduce in the fall a version of CNET for Spanish-speaking consumers in the U.S., Latin America and Spain. CBSi announced several Spanish-language initiatives, at last week’s digital NewFronts in New York City, including a Spanish-language edition of CNET that will debut in the fall.
Jim Lanzone, president of CBSi, said he wants to offer unique digital content for a Spanish-speaking audience of 50 million in the U.S., with more in Latin America and across the globe. The Spanish-language version of CNET “will not just be a machine translating our English content into Spanish,” Lanzone said, “[it] will be its own distinct site.” CBSi is also working on a Spanish-language version of GameSpot. CNET will begin showing video series about gadgets, including Next Big Thing, which will tour the tech industry’s big events, and CNET Appliances, which will feature video reviews of durable goods from fridges to coffee makers. CBSi property GameSpot, too, will have several series coming up; CNET’s biggest announcement seemed to be that it will have a Spanish-language edition coming this fall.