Comscore and Gray Media expand partnership for enhanced audience measurement and insights across platforms in multi-year agreement.
Quiver AI Summary
Comscore has expanded its partnership with Gray Media, the largest TV station group in the U.S., through a multi-year agreement that continues Comscore's role as a key local measurement currency provider. This renewed collaboration allows Gray Media to access advanced demographics and audience insights across various screens, enhancing their capabilities for broadcasters and advertisers. Starting in 2025, Gray will implement Comscore's cross-platform measurement solution, Comscore Campaign Ratings (CCR), which will provide comprehensive insights and optimize campaign performance. The partnership signifies a commitment to delivering innovative audience measurement solutions, helping Gray Media drive revenue and achieve advertising effectiveness.
Potential Positives
- Expansion of partnership with Gray Media solidifies Comscore's role as a key player in local audience measurement, enhancing credibility in the media measurement space.
- The multi-year agreement includes advanced demographics and insights across screens, showcasing Comscore's innovative solutions and commitment to addressing advertisers' needs.
- Gray Media's adoption of Comscore's cross-platform measurement solution, Comscore Campaign Ratings (CCR), signals confidence in Comscore's capabilities to provide comprehensive insights for maximum campaign efficiency.
- The addition of more TV stations and advanced audience solutions demonstrates Comscore's growth potential and the expanding scope of its services in the broadcasting sector.
Potential Negatives
- The press release heavily emphasizes the partnership with Gray Media, which may highlight Comscore's reliance on a single major client for revenue generation, potentially signaling vulnerability in its business model.
- The announcement of Comscore's advanced audience measurement solutions could signify that previous measurement methodologies were inadequate, raising concerns about the effectiveness of past services.
- The fact that this expanded partnership is framed as a "significant step forward" might suggest that Comscore has faced challenges or setbacks in gaining traction in the competitive measurement space.
FAQ
What is Comscore's partnership with Gray Media about?
Comscore has expanded its partnership with Gray Media to provide enhanced local measurement and advanced audience insights across various platforms.
When will Gray Media adopt Comscore's cross-platform measurement solution?
Gray Media is set to adopt Comscore's cross-platform measurement solution, Comscore Campaign Ratings (CCR), starting in 2025.
What new capabilities will Gray Media gain from this partnership?
This partnership will offer Gray Media advanced demographics, cross-platform insights, and de-duplicated measurement for metrics like reach and frequency.
How does Comscore support Gray Media's advertising efforts?
Comscore provides Gray Media with data-driven insights that optimize campaign performance and drive revenue growth for its advertisers.
What is the significance of this renewed agreement for both companies?
This agreement marks a key milestone in audience measurement, demonstrating commitment to innovative, audience-centric solutions for both Comscore and Gray Media.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$SCOR Hedge Fund Activity
We have seen 6 institutional investors add shares of $SCOR stock to their portfolio, and 16 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- ROYCE & ASSOCIATES LP removed 93,539 shares (-100.0%) from their portfolio in Q3 2024
- AMERIPRISE FINANCIAL INC removed 21,303 shares (-100.0%) from their portfolio in Q3 2024
- D. E. SHAW & CO., INC. removed 20,014 shares (-100.0%) from their portfolio in Q2 2024
- DIMENSIONAL FUND ADVISORS LP removed 11,658 shares (-100.0%) from their portfolio in Q3 2024
- RENAISSANCE TECHNOLOGIES LLC removed 4,014 shares (-8.9%) from their portfolio in Q3 2024
- RAFFLES ASSOCIATES LP removed 3,915 shares (-14.9%) from their portfolio in Q3 2024
- GEODE CAPITAL MANAGEMENT, LLC removed 1,699 shares (-3.3%) from their portfolio in Q3 2024
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
RESTON, Va., Dec. 20, 2024 (GLOBE NEWSWIRE) -- Comscore (NASDAQ: SCOR), a trusted partner for planning, transacting, and evaluating media across platforms, today announced the expansion of its partnership with Gray Media, one of the largest TV station groups in the United States, in a multi-year agreement. Comscore will continue as a key local measurement currency provider for Gray Media and provide additional advanced demographics as well as more precise audience insights across screens. This enhanced partnership demonstrates Comscore’s commitment to delivering innovative, audience-centric solutions that help broadcasters like Gray and their advertisers drive revenue growth and optimize campaign performance.
“We appreciate Comscore’s continued advancements in audience measurement and are pleased to roll out these solutions across more of our stations,” said Matt Jaquint, Senior Managing Vice President, Chief Revenue Officer, Gray Media.
The renewed agreement marks a key milestone as Gray Media prepares to adopt Comscore’s cross-platform measurement solution, Comscore Campaign Ratings (CCR), starting in 2025. CCR will enable Gray to deliver comprehensive cross-platform insights with in-flight monitoring, ensuring advertisers achieve maximum campaign efficiency.
Additionally, Gray Media has added more TV stations, including broadcast regional sports networks, for measurement by Comscore. It will now also leverage Comscore’s Advanced Audience solutions, including County, Automotive, Political data, and Plan Metrix, which enables marketers to plan against very specific audiences based on behavior. These capabilities will provide Gray’s advertisers with precise insights and de-duplicated measurement across screens for key metrics such as reach, frequency, incrementality, and co-viewing.
“This expanded partnership represents a significant step forward in the measurement space as we continue to work alongside Gray Media to provide data-driven insights that fuel their continued growth and success,” said Steve Bagdasarian, Chief Commercial Officer at Comscore. “We take pride in Gray’s confidence in our advanced cross platform audience measurement solutions and are pleased to expand this important relationship.”
About Gray
Gray Media, or Gray, is a multimedia company headquartered in Atlanta, Georgia, formally known as Gray Television, Inc. The company is the nation’s largest owner of top-rated local television stations and digital assets serving 113 television markets that collectively reach approximately 36 percent of US television households. The portfolio includes 77 markets with the top-rated television station and 100 markets with the first and/or second highest rated television station, as well as the largest Telemundo Affiliate group with 43 markets totaling nearly 1.5 million Hispanic TV Households. The company also owns Gray Digital Media, a full-service digital agency offering national and local clients digital marketing strategies with the most advanced digital products and services. Gray’s additional media properties include video production companies Raycom Sports, Tupelo Media Group, and PowerNation Studios, and studio production facilities Assembly Atlanta and Third Rail Studios. Gray owns a majority interest in Swirl Films. For more information, please visit
www.graymedia.com
About Comscore
Comscore is a global, trusted partner for planning, transacting and evaluating media across platforms. With a data footprint that combines digital, linear TV, over-the-top and theatrical viewership intelligence with advanced audience insights, Comscore empowers media buyers and sellers to quantify their multi screen behavior and make meaningful business decisions with confidence. A proven leader in measuring digital and TV audiences and advertising at scale, Comscore is the industry's emerging third-party source for reliable and comprehensive cross-platform measurement. To learn more, please visit
www.comscore.com
Media Contacts:
Marie Scoutas
Comscore
[email protected]