Welcome to the Advertising and Media Insider newsletter. I’m Tanya Dua, a senior advertising reporter filling in for Lucia this week. If you got this email forwarded, sign up for your own here. Send tips or feedback to me at email@example.com.
Before I jump into the news, my colleague Ashley is also working on our first list of executives who leading in the sports betting space. Send her your nominations here by Oct. 31.
The platforms all seem to want to be like one another. Google wants to dent Facebook’s advertising business, while Microsoft wants to steal ad budgets from Amazon and Google. Confused? Read on for more details.
Google has been pitching advertisers on an ad format called Discovery Ads since May that looks like social media posts. My colleague Lauren Johnson reported how Google is encouraging advertisers to repurpose creative from Facebook campaigns to use in its own ads as it takes aim at social platforms like Facebook, Twitter and Pinterest.
Speaking of Facebook, I reported that Rob Goldman, one of the company’s biggest advertising execs – and staunchest defenders – is leaving the company. Goldman’s departure follows Facebook overhauling its Ads and Business Platform (ABP) team this summer, and Dan Levy taking over as its VP of product on ads.
I also got my hands on the pitch deck that Microsoft has been circulating to snatch a bigger share of marketers’ search and e-commerce budgets from Amazon and Google. Microsoft is pitching Sponsored Products as an alternative to Amazon, saying it can plug into the Microsoft Search Network, including AOL and Yahoo properties.
Elsewhere, Patrick Coffee reported WPP lost a big hunk of the US business of one of its oldest and most valuable clients, Johnson & Johnson. The marketer chose the much smaller MDC Partners agency Doner to handle advertising for its Tylenol, Listerine, and Zyrtec brands.
And Lucia looked at the situation facing digital media employees who once had dreams about getting rich off stock options from their companies that are now troubled. “We were all misguided about how these companies would turn out,” said one.
Here are other great stories from media, marketing, and advertising. (You can read most of the articles here by subscribing to BI Prime; use promo code AD2PRIME2018 for a free month.)