RadioSpot is now automating 4 billion radio ads on more than 350 radio stations in 128 cities: Jelli formally launched its programmatic ad platform for the broadcast advertising industry called RadioSpot that streamlines the buying and running of radio ads.
Until now radio stations, networks and advertisers have had to use a decades-old process to buy and run national radio ads. A typical network radio campaign requires trafficking ads across hundreds of individual stations, resulting in a cumbersome accounting process and paper format reports that require planners and buyers to go back months after a campaign is over to evaluate how the ads have driven sales.
Jelli’s solution lets marketers to move into programmatic buying with its platform and help unlock new revenue opportunities for the radio biz: “Technologies like Jelli will enable radio to strengthen its position with national advertisers at a time of increasing competition from digital media where data retrieval is an increasingly critical part of media selection,” said Natalie Swed Stone, U.S. Director of National Radio Investment at OMD.
Jelli’s patented RadioSpot technology significantly increases efficiency, accountability and transparency for broadcast radio advertising instantly serving ads on radio stations across the country, thereby leading to fewer errors, lower costs, better insights and higher revenue and cash flow. RadioSpot is integrated with advanced buying and planning tools and supports all major third-party broadcast traffic systems.
Jelli’s new campaign dashboard called RadioDash provides stations, networks and advertisers detailed insights for ad campaigns in real-time and instant validation of spots running on broadcast radio. The real-time web application dashboard delivers essential data such as when commercials ran and what markets the ads played in, and gives dashboard users the ability to listen to playback on every station. Users also have the ability to export data for easy integration and analysis to increase return on investment and speed payments.
RadioSpot is now deployed at major radio operators and networks including Townsquare Media, Entercom, Emmis owned WQHT-FM (HOT 97) in New York City, Sun Broadcast Group, Focus 360 and others. RadioSpot now reaches 44 million unique listeners weekly and manages approximately 4 billion radio ads on an annual run-rate basis.
“With almost four trillion radio ads delivered every year, radio is one of the largest advertising mediums, similar in scale to digital display advertising. However, unlike digital, radio has not seen the same investment in ad-tech innovation to buy, manage and serve these ads,” said Mike Dougherty, Jelli co-founder and chief executive officer. “We’ve worked for nearly five years to introduce technology that helps terrestrial radio become a 21st century medium, leading to RadioSpot, a totally new release of our platform that gives radio stations, networks and advertisers the easiest and fastest way to buy and run ads.”