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Article: Bid4Spots Crosses $1 Million Threshold Six Months After Launch, Now Moves $100,000 Per Week in Remnant Radio Ad Sales; With Some 2,000 Radio Stations Aboard, Bid4Spots Becomes Nation's Largest Radio Advertising Network.
- Article from:
- Business Wire
- Article date:
- April 24, 2006
CopyrightCOPYRIGHT 2006 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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LAS VEGAS -- Bid4Spots (www.bid4spots.com), a pioneering online marketplace for unsold radio ad inventory, today announced that the company has reached the $1 million milestone, awarding auction winnings with an aggregate value in seven figures among its participating radio stations. Bid4Spots made the announcement at NAB2006, here through April 27.
Launched in September 2005, Bid4Spots introduced the industry's first online patent-pending reverse auction model for remnant radio, where participants bid ad rates down and the lowest bidder wins. Today, more than 2,000 radio stations nationwide have signed up to participate in Bid4Spots auctions, representing nearly ...