Cannes Lions Organizer Ascential Backs Hudson MX With $10 Million Investment

Stake in advanced television startup adds to its existing interests in the media game such as FlyWheel and MediaLink

Mark your calendar for Mediaweek, October 29-30 in New York City. We’ll unpack the biggest shifts shaping the future of media—from tv to retail media to tech—and how marketers can prep to stay ahead. Register with early-bird rates before sale ends!

Ascential has taken a minority stake in Hudson MX, an ad-tech outfit that aims to bring the efficiencies of software automation to the localized television buying market. It was a $10 million investment.

The move marks the firm’s first direct investment in the media buying landscape and comes after Ascential, the company behind Cannes Lions Festival of Creativity and media consultancy MediaLink, posted revenues of about $537 million for 2019, up 19% from the year before.

Hudson

AW+

WORK SMARTER - LEARN, GROW AND BE INSPIRED.

Subscribe today!

To Read the Full Story Become an Adweek+ Subscriber

View Subscription Options

Already a member? Sign in