Welcome to Bookmarker!

This is a personal project by @dellsystem. I built this to help me retain information from the books I'm reading.

Source code on GitHub (MIT license).

[...] instrumental problems that required solutions in order to facilitate transactions between advertisers and broadcasters. The most obvious was to demonstrate the existence of an audience. In economic terms, this meant some measure of productivity. But besides adequate numbers of listeners, a measure was needed to demonstrate that the right product was being produced that the audience for which advertisers expressed a demand was in fact being delivered by broadcasters. Only after agreeing on a basic method for producing measures of productivity and quality could broadcasters and advertisers move to the real business at hand--the buying and selling of audiences according to a rational price structure.

Inherent in the situation, then, is both continuity and discontinuity in the interests of the advertising and broadcasting industries. While continuity rests in the need for an official description of the audience, discontinuity arises from the connection between that description and pricing. [...] neither industry could trust the other to measure productivity and quality, yet both needed some measure in order to transact sales. In this way, despite unified demand for measures of productivity and quality, the situation presented contradictory interests and thereby the possibility for independence for any ratings producer that could successfully manipulate those differences. [...]

think about how this applies to digital advertising? where fb/goog have all the data (massive info asymmetry) and both publishers AND advertisers have to simply trust

remember that time, summer 2013, when doubleclick fucked up and accidentally paid publishers twice? like massive deposits (thousands, at least) doubled for publishers like the NYT. and it took a while to notice

also: nielson is partnering with these companies where they dont themselves have the ability to gatekeep the ratings process (like FB / Nielson partnering for TV shit), but obvs they would prefer to absorb that vertical on their own

—p.82 Ratings and the Institutional Approach: A Third Answer to the Commodity Question (75) by Eileen R. Meehan 5 years, 8 months ago