As part of its strategy to capitalise on future growth opportunities, oOh!media will increasingly focus on and leverage the unrivalled scale of its core Out of Home media business.
oOh! aims to help grow the Out of Home category by showcasing the power and effectiveness of the medium to deliver mass-reaching, audience-led campaigns for advertisers.
This will see marketers buying Out of Home media by audience. oOh!’s ‘Better Ways to Buy’ initiative unlocks the true scale of oOh!’s network and allows advertisers to reach 80 percent of category buyers in a single campaign.
oOh! CEO Cathy O’Connor says: “Our strategy is to concentrate on Out of Home and do what we do best – making brands unmissable through our unique advantages in delivering audiences at scale, leveraging our exclusive data sets and showcasing Out of Home’s creative power.
“Our corporate purpose is to make public spaces better, which means we will use our digital media assets to go beyond just advertising, providing contextually relevant information and content that enhances public spaces. We believe this gives us clear differentiation and increases the value of our assets and our advertising.”
It also means the company is transitioning away from online digital publishing, with oOh! appointing advisors to divest Junkee Media, its youth-orientated digital publishing business, which it expects to sell in the second half of the year.
O’Connor says: “When I talk to advertisers and agencies, they tell me they want to reach the right audience at the right price, format and location to deliver the best ROI, but they also say it is equally important to have a strong creative message that cuts through.
“As the market leader, we will show brands how best to use Out of Home smartly and creatively to deliver better results.
“The Junkee team have done a great job building a powerful media brand, and the recent long-term partnerships with Google and Facebook are testament to the value inherent in the business and its promising future. We believe this decision gives Junkee the best opportunity to build on its legacy and become even more successful for many years to come.”
The move sees Neil Ackland, Junkee’s co-founder and current CEO, relinquish his position and remain at oOh! in his ongoing Chief Content, Marketing & Creative Officer role as part of the executive leadership team.