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Rising doubts over eBay media market In theory, an electronic buying system makes sense Apr 19, 2007 Plans to create an electronic marketplace for buying and selling media have been kicking around for years, and the latest comes from eBay, but it looks as though those behind it will have a real struggle on their hands selling the idea to media planners and buyers. While some media people concede the system would make some aspects of their lives easier, the overwhelming sentiment is one of doubt and distrust, according to a recent Media Life poll of its readers. It would mean giving up a lot of the face-to-face that's at the heart of negotiating media buys. And media people don't believe it could ever play a role in the complex deal-making, such as cross-media deals, that's an increasingly important part of the business. "Just because something is technically possible doesn't mean it's the best way to achieve a goal," wrote one poll respondent. Wrote another: "Buying gross rating points by the 'bucket' makes it a commodity buy, like corn from a hopper. A pure electronic system, without a brain on both sides of the keyboard, can cause an advertiser to lose opportunities and falsely conclude that 'TV doesn't work.'" And another: "Many deals are built on relationships and we totally lose that relationship if everything is electronic." Almost a quarter, 24 percent, gave it a 1, and nearly two thirds, 63.6 percent, ranked it between a 1 and a 5. Just 4.2 percent gave it a 10, the highest mark. The biggest plus of such a system, buyers believe, would be in "eliminating the drawn-out back-and-forth that too often muddies the buying process." Nearly half, 47.3 percent, agreed on that. The biggest shortcoming of an electronic system? "The lack of opportunity for multi-platform deals. These days that’s a deal-breaker" was the choice of 36.2 percent of respondents. But another impediment would simply be tradition, in the view of 29.8 percent of respondents. Asked if they would use such a system, just 19.4 percent said yes. The largest share, 37.8 percent, were not sure, agreeing with the statement: "I will probably wait to see how it works for others first." Nearly a quarter, 24.7 percent, said never, agreeing with the statement: "This is a nice idea but not feasible. It will fade away after a year or two." Just 9.3 percent saw it happening in less than a year, along the timetable eBay has in mind. At least two years was the choice of 22.7 percent, three to five years got 23.7 percent, and more than five years was the choice of 19.6 percent.
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