The news: Newsweek is buying healthcare-focused ad platform Adprime to boost its offerings for pharma and healthcare marketers.
What led up to it: Newsweek is expanding its healthcare vertical with more editorial coverage, ranking lists, and healthcare-focused events.
Zooming in: Consumer advertising accounted for 63% of Newsweek’s sales last year, but will drop to 50% to 55% this year, the company's CEO told Adweek. The Adprime acquisition could tap new revenue with targeted and privacy-compliant ad solutions.
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