Why 1440 prefers CPMs for its newsletter business over other pricing models

As 1440 looks to grow its advertising business, the newsletter company is laser-focused on the CPM pricing model.

Founded in 2017, 1440 Media operates an eponymous newsletter, “1440,” with the goal of providing a comprehensive and unbiased news roundup for a subscriber base that currently stands at 4.5 million. The newsletter’s audience, which is currently growing at a rate of roughly one million subscribers per year, is evenly split between genders and political views, according to 1440 CEO and co-founder Tim Huelskamp, who spoke at this week’s Digiday Publishing Summit in Vail, Colorado.

1440’s newsletter boasts a 65 percent open rate, per Huelskamp, and readers click on an average of 2.2 links per opened newsletter. In spite of these positive signals, 1440 is currently prioritizing the CPM model for its advertising inventory, which comes in two formats: a larger format that is immediately visible when readers open the newsletter, and a smaller format that becomes visible when readers scroll down.

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The outlook for ad tech M&A in 2025

According to LUMA Partners’ 2024 Full Year Market Report, the digital media and marketing ecosystem experienced a 13% annual increase in overall mergers and acquisitions compared to the previous year.

Specifically, the ad tech sector saw a notable 73% rise in deal volume during this period, and per the Q1 deal flow this year, that trend looks set to continue. Some have even tipped a return of initial public offerings in the space in 2025. 

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But what kind of mergers and acquisitions will keep corporate development execs busy in the coming months: distressed exits or frothy returns, and who will be in market?

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