Printerstitial - The print cousin of Interstitial

So most of those who know about online advertising have at some point of time encountered an Interstital, which is nothing but a page that loads before an expected page. This page is often used by publishers to promote an advertisment etc. From my experience, i've seen very good CTR's on Interstital ads (right upto 14%). But now there is a cousin of Interstital, the "Printerstitial".

Enter the "PrinterStitial." A Denver based startup, Format Dynamics, has invented a whole new ad category by developing a service that inserts "Ads" into printouts of Web pages, combining the "advantages of online ads with the power of traditional print ads." They've used 18 months of actual "PrinterStitial" results from early publisher adopters, combined with data from market researcher MetaFacts, Format Dynamics estimates that U.S. consumers print approx. 61 billion Web pages annually...creating what the company's CEO Ethan Holien calls a previously "untapped market opportunity, with scale and legs".

72 newspapers of the MediaNews Group, including The Denver Post, as well as Rand McNally, The Houston Chronicle, CNET, Career Builder, and the Orange County Register are currently using Printerstitials.

When consumers take printouts of Web pages enabled with Format Dynamics' "CleanPrint," the technology dynamically reformats the page(s) to be more appealing to the user , while completely eliminating such Web-centric features as navigation bars etc. The PrinterStitials can either be print-friendly versions of ads or completely separate "print ads".

Depending on the online publisher, P'stitials are either sold by the sites themselves or by Format Dynamics, Holien said. The company is talking to vertical ad networks, as well as "advertisers and agencies when appropriate." Travel Ad Network is already on board. Ad revenues are shared between Format Dynamics and publishers.

In their media kit, the Orange County Register and ocregister.com stress how engaged users are with pages they print out. "When users print online content, it's because they intend to read again, hold onto or pass along the information on the page," the kit advises. "Now your ad can appear on those hard copies, giving you the opportunity to create a lasting brand association and an incentive to win their business." The paper's stated ad rate for PrinterStitials is $1,300 monthly.

While PrinterStitial sales are targeted towards the digital buying community, Holien noted that publishers already "versed with print," can sell existing print advertisers. The pitch - "This is print advertising, but you can target it three ways (behaviorally, contextually, geographical). You don't have to buy just a circulation number."

The company has developed a companion analytical tool, PrintTracker, which measures all printing of PrinterStitial ads directly from browsers, providing publishers and advertisers with relevant data and metrics. Previous printing data only measured the minority of pages printed from "printer-friendly" buttons, Holien said. "Most publishers right now don't understand how much printing is occurring," he added.

"It's new inventory that publishers can monetize, and an opportunity for advertisers to plug in ads, We know in general that people do online research and buy in local stores, and a majority of purchases have an online component," he said. Now, FormatDyamics' technology combines that empirical information "with the anecdotal info that people show up in stores with pages in hand." said analyst Greg Sterling of Sterling Market Intelligence.

Interestingly, Format Dynamics, has raised $4.4 million in first-round venture capital and in its demos states that both CleanPrint and Click4Print provide the opportunity for "truly integrated online/offline advertising."

I can forsee the loop between online and offline advertising closing very soon :).

(those who want to read the complete article can log on to Mediapost)