Meredith serves more than 100 million consumers, and attracts 55 million unique visitors to its 15+ properties every month. Meredith also owns and operates the largest database of U.S. women of any media company, and employs dozens of data scientists to optimize targeting and identify trends and intent to serve both its consumers and advertisers.
Meredith’s 15+ media properties were distributed across multiple data platforms, eliminating any opportunity to leverage the full breadth of its highly valuable audience data on its core demographic: women.
Additionally, Meredith lacked the ability to develop a unified view of its customers. As a result, Meredith had to rely on costly third-party data to meet many of its advertisers’ targeting requirements. The situation came to a head when the company acquired AllRecipes.com. Meredith knew it needed to consolidate all of its properties onto a single data platform, but with active campaigns running across its numerous sites, the process posed daunting risks. A new platform would need to provide a seamless transition at scale, and no campaign interruptions.
Meredith selected Krux as its data management platform (DMP) provider. Krux’s flexible architecture – along with its ability to collect and unify data from multiple sources – meant the consolidation process was flawless and fast to implement. In just four weeks Krux enabled Meredith to collect 100% of its valuable audience data, including articles read, ads clicked and social sharing across all screens, as well as leverage its audience assets to build and deploy robust audience segments in real time. Today, Meredith is able to meet the needs of its advertiser clients using its first-party data, as well as proactively develop media solutions that exceed its advertisers’ criteria.
We surpassed our expectations for audience targeted campaigns because of our ability to quickly deploy Krux's DMP. We had the complete support of the Krux team throughout the process who helped to ensure a smooth transition and address our complex needs. Krux has become a true strategic partner to Meredith and with them we see significant success for Meredith.
Meredith exceeded its revenue expectations by 34% within the first three months of deploying Krux. Today, audience-based campaigns are built primarily with first-party data, enabling the publisher to drive long-term profitability from its people data. More importantly, Meredith is able to help its advertisers reach and engage their ideal audiences, both within the Meredith properties, and across the Web via Krux’s audience extension capabilities.
Meredith Spotlight: Rewriting the Rules of Data-Driven Sales
In this highlight from Data Matters 2016, Meredith's Alysia Borsa shares Meredith's breakthrough data-driven sales and product strategy, redefining the state of play for digital media sellers.
Put People Data to Work for Your Business
Krux has driven a 10x or higher return on investment for brands such as Kellogg, Time Warner, and Meredith. Contact us today to learn more about our market-leading platform and how it can help your business deliver more relevant, more valuable media, content, and commerce experiences.