Paul Jelinek, chief business officer at EX.CO, joined me in Cannes for TRB Conversations, powered by EX.CO, to lay out why CTV programmatic advertising is still in its early days — and why that's about to change fast.

In this TRB partner episode, Jelinek explains why he thinks agentic advertising hasn't fundamentally transformed the industry yet, how EX.CO's "yield engine" technology — originally built for online publishers — is now being ported to CTV and digital out-of-home, and why he believes CTV programmatic today looks like online video did eight years ago.

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Never bet against the need of young people to get out of the home and socialize. Movie theaters are seeing a revival, driven by young audiences. Geoff Schiller, CEO of movie theater ad network Screenvision, joined me to discuss why this is a long term trend. A veteran of digital media, Geoff has a blunt assessment of "legacy" digital media: It's mostly zombies. Instead, the bigger media opportunities lie in the renewed appeal of shared experiences. We discuss cinema’s advantages as a high-attention advertising medium, and why AI could make physical media more valuable.

This episode is sponsored by beehiiv, which powers the email of the biggest brands like Time, TechCrunch and more. See how beehiiv powers leading brands

Check out TRB Audience Summit on Sept 17.. We have over 100 participants confirmed for the event on Sept 17 in NYC. They’re senior leaders from Bloomberg Media, The New York Times, BBC, Condé Nast, The Wall Street Journal, Hearst, The New York Post, Vox Media and the Associated Press. The day is built around the issues media operators are dealing with right now: life after Google Zero, consumer revenue, AI products and audience strategy. Join us

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Per Sendall, co-head of ads at Spotify, joins Brian Morrissey in Cannes for TRB Conversations, powered by EX.CO, to break down how AI agents are already changing the way Spotify builds and sells advertising.

Sendall explains why "the vast majority" of Spotify's code is now being written by software agents, how the company built and open-sourced a CLI plug-in that lets brands buy audio ads using natural language, and why he thinks agentic negotiation is still years away — because AI models are "hard coded to be nice," making them easy for human negotiators to exploit.

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Famous Birthdays is a classic open web publishing success story. Evan Britton bootstrapped the publisher to fill a simple need: People were seeking out information about the new crop of influencer and creator celebrities. Traffic peaked at 25 million three years ago. Evan wanted to sale it to 100 million and be a top ComScore site. Now, traffic is down to 20 million. Now, it’s focused more on “intentional” traffic and building community around that while building out a B2B information business. “A lot of those users are coming to our site because they know Famous Birthdays,” Evan told me. “They didn’t just randomly stumble onto it.”

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Rob Wilk, CRO of Yahoo, joined me in Cannes for TRB Conversations, powered by EX.CO, to make the case that 30-year-old Yahoo is in the middle of a genuine business turnaround, not a nostalgia play.

Rob breaks down Yahoo's first-party data advantage across search, email, and content (with 75% of users logged in), why he calls competitors' data "a fish stew" of third-party signals, and how that data now powers Yahoo Scout — the company's first new search product in 17 years, built using a rented LLM alongside Bing's grounding API and Yahoo's own first-party data.

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Events have moved from a side business to a core commercial product at The Wall Street Journal. CRO Josh Stinchcomb says the long lead times and scarcity let publishers lock in sponsor commitments earlier, which matters when advertising budgets are volatile.

The event is increasingly the beginning of a larger marketing program rather than an add-on at the end. It creates the executives, conversations, video and podcast material that can then become a broader branded-content campaign.

The value is less about filling a big room than convening the right 100 or 200 people, facilitating introductions and making the event accountable to actual business outcomes.

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Ryan McConville, chief product officer at NBCUniversal, joins me in Cannes  for TRB Conversations, powered by EX.CO, to make the case that premium video has been underappreciated as the origin point of culture. That ends up leaving it shortchanged by the platforms that built their businesses on top of it as advertising was subsumed by performance marketing.

“If you only feed the bottom of the funnel, you eventually run out of new customers. Brand and performance are intimately linked. If you take your foot off the gas on brand, it’s just going to raise the cost in your other channels. It’s all performance—it’s simply different parts of performance.”

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Funding investigative journalism is a unique challenge. On The Rebooting Show, I spoke to Scott Stedman, an independent investigative journalist who is using a coffee subscription service as a business model to fund his open-source investigations at The Newsground. He’s attempting to recreate the news subsidy that was lost with the unbundling of media. Scott and I discuss his career, why he doesn’t believe in the business model of journalism companies and why accountability journalism will find innovative models.

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Agentic advertising was the buzzword of the year at Cannes this year. It stands to reason this hype is ahead of reality.

Jon Roberts, chief innovation officer at People Inc, gives a reality check of where the hurdles to agentic advertising, which holds the promise -- yet again -- of establishing direct paths between advertisers and publishers.

“Is this just AI jazz hands, or is there something actually there under the hood?’ Discovery and planning agents, packaging agents — those are pretty low risk, and they’re definitely possible. They make the planning process faster, while humans still set up the deals and line items. The highest-risk piece is negotiation. These models are hard-coded to be nice, and the worst thing you want to do is put a nice AI negotiator against a human on the other side. They’ll give that stuff to you for free. Humans should negotiate, but AI systems can do the heavy lifting, and we’ll crawl, walk and run into it.” 

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One of the more promising areas of media is expert practitioners who are both good at their jobs and at explaining their fields. Workweek is a B2B media company built with this ethos at its core. Adam Ryan, CEO of Workweek, joined me to discuss the advantages of practitioner media and why Workweek is focused on proving to its advertisers that they're reaching their potential customers.

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