Purchase of time or space in an advertising medium, such as radio, television, or print space. The media-buy decision is based upon the amount of money available, the number of exposures desired, the target market the advertiser wants to reach, the frequency of exposure desired, the number of people each medium will reach, and the impact each medium will have on the message-for example, the impact of a fashion advertisement in a fashion magazine versus one in a magazine about fishing. Since there is no one right way to spend advertising dollars, it is the media buyer's job to choose a reasonable optimum. See also media class; media option; media plan; media weight; multimedia; one-shot; vehicle.
The purchase of advertising from a media company such as a television station, newspaper, magazine, blog or website. The price of the media buy depends on the specifics of the advertising campaign.
Investopedia Says:
On a website, the price would be determined by factors such as where the ad will be placed on the page, how many pages of the website the ad will appear on, how large the ad will be, how many days the ad will run for, how much traffic the website receives and the website's user demographics. The more exposure the advertiser is expected to receive, the more expensive the media buy will usually be.
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