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NAICS Code 541840-06 Description (8-Digit)

Media Brokers are professionals who act as intermediaries between media outlets and advertisers. They help advertisers to find the best media outlets to reach their target audience and negotiate the best deals for their clients. Media Brokers work with a range of media outlets, including television, radio, print, and online media. They have a deep understanding of the media landscape and can provide valuable insights to their clients on the most effective ways to reach their target audience.

Hierarchy Navigation for NAICS Code 541840-06

Parent Code (less specific)

Tools

Tools commonly used in the Media Brokers industry for day-to-day tasks and operations.

  • Media planning and buying software
  • Ad serving platforms
  • Data analytics tools
  • Social media management tools
  • Content management systems
  • Customer relationship management software
  • Email marketing software
  • Programmatic advertising platforms
  • Search engine optimization tools
  • Video editing software

Industry Examples of Media Brokers

Common products and services typical of NAICS Code 541840-06, illustrating the main business activities and contributions to the market.

  • Television advertising
  • Radio advertising
  • Print advertising
  • Online advertising
  • Social media advertising
  • Influencer marketing
  • Content marketing
  • Email marketing
  • Programmatic advertising
  • Search engine marketing

Certifications, Compliance and Licenses for NAICS Code 541840-06 - Media Brokers

The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.

  • Media Broker License: A license required by the state to operate as a media broker. It is issued by the state's regulatory agency. The requirements for obtaining this license vary by state.
  • Federal Communications Commission (FCC) License: A license required by the FCC to operate a radio or television station. Media brokers who work with radio or television stations may need to obtain this license.
  • National Association Of Broadcasters (NAB) Certification: A certification that demonstrates proficiency in the broadcast industry. Media brokers who work with radio or television stations may benefit from obtaining this certification.
  • Certified Advertising Specialist (CAS): A certification that demonstrates proficiency in advertising. Media brokers who work with advertising agencies may benefit from obtaining this certification.
  • Certified Broadcast Meteorologist (CBM): A certification that demonstrates proficiency in meteorology. Media brokers who work with weather-related media may benefit from obtaining this certification.

History

A concise historical narrative of NAICS Code 541840-06 covering global milestones and recent developments within the United States.

  • Media Brokers have been around for decades, with the first media buying agency, N.W. Ayer & Son, established in 1869 in Philadelphia. The industry has since grown and evolved, with the introduction of new technologies and media channels. In the 1920s, radio advertising became popular, and media brokers played a crucial role in buying airtime for their clients. In the 1950s, television advertising became the norm, and media brokers adapted to this new medium. In recent years, the rise of digital advertising has transformed the industry, with media brokers now buying ad space on websites, social media platforms, and mobile apps. In the United States, media brokers have played a significant role in the advertising industry since the mid-20th century. In the 1960s, media brokers began to specialize in buying ad space on television, and by the 1980s, they had expanded to include radio and print media. The rise of the internet in the 1990s brought new challenges and opportunities for media brokers, who had to adapt to the new digital landscape. Today, media brokers continue to play a crucial role in the advertising industry, helping clients navigate the complex world of digital advertising and buying ad space across multiple channels.

Future Outlook for Media Brokers

The anticipated future trajectory of the NAICS 541840-06 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

  • Growth Prediction: Stable

    The future outlook for Media Brokers in the USA is positive. The industry is expected to grow due to the increasing demand for advertising and marketing services. The rise of digital media has created new opportunities for Media Brokers to reach consumers through social media, mobile devices, and other digital platforms. Additionally, the growth of e-commerce has created new opportunities for Media Brokers to help businesses reach customers online. The industry is also expected to benefit from the increasing use of data analytics and artificial intelligence to target consumers more effectively. However, the industry may face challenges from increased competition and changing consumer preferences.

Industry Innovations for NAICS Code 541840-06

Recent groundbreaking advancements and milestones in the Media Brokers industry, reflecting notable innovations that have reshaped its landscape.

  • Programmatic Advertising: Media Brokers are increasingly using programmatic advertising to target consumers more effectively. Programmatic advertising uses data analytics and artificial intelligence to deliver ads to specific audiences based on their interests, behaviors, and demographics.
  • Native Advertising: Media Brokers are also using native advertising to create ads that blend in with the content of websites and social media platforms. Native advertising is less intrusive than traditional ads and can be more effective at engaging consumers.
  • Influencer Marketing: Media Brokers are working with social media influencers to promote products and services to their followers. Influencer marketing can be more effective than traditional advertising because it is more authentic and personal.
  • Virtual and Augmented Reality: Media Brokers are exploring the use of virtual and augmented reality to create immersive advertising experiences for consumers. These technologies can be used to create interactive ads that allow consumers to experience products and services in a more engaging way.
  • Voice Search Optimization: Media Brokers are helping businesses optimize their websites and content for voice search. With the rise of smart speakers and voice assistants, voice search is becoming an increasingly important way for consumers to find products and services online.

NAICS Code 541840-06 - Media Brokers

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