LIVE / 09 MAY 2026 / MELBOURNE
CTVBVOD finally got its act together RIPThe cookie, year 6 of dying
ISSUE 001
What is Programmatic?
EST 2026 · MELBOURNE AN INDEPENDENT PUBLICATION
An honest guide / 2026 edition

Programmatic, properly explained.

Working frameworks, plain-English glossaries and channel deep-dives for the people who plan and buy this stuff. Written by someone who buys media for a living.

No vendor pitch No thought leadership No "unprecedented"
/ 01 Understand it The definition · the mechanics · the jargon
/ Section 00 / The actual question

What is it, then?

A definition you can use. And a quick walk-through of what's actually happening when an ad shows up on your screen.
/ THE DEFINITION

Programmatic advertising is the automated buying and selling of digital ad inventory through real-time auctions, using software platforms and audience data to match brands with audiences across websites, apps, video, audio, TV and out-of-home media.

/ This is the version you can put in a board paper.

It's online ads, with five middlemen between you and the impression, each charging rent. Computers buy from computers in 200 milliseconds while you nurse a flat white. Welcome to the future. It's mostly fine.

/ This is the version you can use over a beer.

/ HOW IT ACTUALLY WORKS
EVERY AD YOU SEE, IN THREE STEPS ~200ms
/01

A page loads with an empty ad slot.

You open a website. Somewhere on it, there's a slot waiting for an ad to fill it.

/02

Software auctions that slot, in milliseconds.

Multiple brands bid in real time, based on who you are and what their software thinks you're worth.

/03

Highest bidder wins. Their ad appears.

By the time you've blinked, all of this has happened. You scroll past it.

That's programmatic. The complexity (and the fee stack everyone whinges about) lives in the five middlemen each taking a cut along the way.
The Jargonometer / V.1.0
A self-cleaning catalogue of industry nonsense. Hover to pause.
/ PlatformDSPDemand Side PlatformWhere you spend money you can't fully account for
/ PlatformSSPSupply Side PlatformSells the same impression three times before you see it
/ ChannelCTVConnected TVThe internet on a screen your mum recognises
/ ChannelBVODBroadcaster Video On DemandCatch-up TV with a LinkedIn page
/ BuyingPMPPrivate MarketplaceAuctions for people who hate auctions
/ IdentityDMPData Management PlatformRIP, allegedly. Six years and counting
/ IdentityCDPCustomer Data PlatformDMP with venture funding
/ MeasurementMMMMarketing Mix ModellingMTA's economist sibling who actually got a degree
/ MeasurementiROASIncremental Return On Ad SpendROAS that did the homework
/ ChannelpDOOHProgrammatic Out Of HomeBillboards with an API and a markup
/ TechACRAutomatic Content RecognitionYour TV is listening, sir
/ CreativeDCODynamic Creative OptimisationYour banner with extra layers
/ PlatformDSPDemand Side PlatformWhere you spend money you can't fully account for
/ PlatformSSPSupply Side PlatformSells the same impression three times before you see it
/ ChannelCTVConnected TVThe internet on a screen your mum recognises
/ ChannelBVODBroadcaster Video On DemandCatch-up TV with a LinkedIn page
/ BuyingPMPPrivate MarketplaceAuctions for people who hate auctions
/ IdentityDMPData Management PlatformRIP, allegedly. Six years and counting
/ IdentityCDPCustomer Data PlatformDMP with venture funding
/ MeasurementMMMMarketing Mix ModellingMTA's economist sibling who actually got a degree
/ MeasurementiROASIncremental Return On Ad SpendROAS that did the homework
/ ChannelpDOOHProgrammatic Out Of HomeBillboards with an API and a markup
/ TechACRAutomatic Content RecognitionYour TV is listening, sir
/ CreativeDCODynamic Creative OptimisationYour banner with extra layers

The channels

/ Where programmatic actually shows up
/ 02 Read the room What's hot · what we stand on · where we stand

Vibes Check

/ State of the stack, May 2026
↑ HOT
Retail Media"Now somehow worth $169bn globally"
↑ HOT
Curated Marketplaces"Waterfalls with better PR"
↑ RISING
Programmatic DOOH"Billboards with a content management system"
→ FLAT
Header Bidding"Won the war, lost the room"
↓ FADING
Last-Click Attribution"If you're still using it, we should talk"
✕ DECEASED
DMPs"Survived by their better-funded cousin, the CDP"

Built on standards, not vibes.

/ Influences and accreditations behind every page

/ Industry standards

  • IAB AustraliaMember
  • WARCMaster of Ad Effectiveness
Bodies that set the rules we all pretend to read.

/ Platforms certified

Trade Desk
Past and present accreditations across the major platforms.

/ Influenced by

  • Ehrenberg-BassHow Brands Grow
  • Binet & FieldThe Long and the Short of It
  • IPA Effectiveness DatabankAwards-grade evidence
  • Orlando WoodLemon
Books actually read, mostly.

Editorial position

/ Two beliefs to keep us honest
/ 01
On craft

Many ways to reach a customer.

One practitioner's view, drawn from twenty years of buying media. Disagree freely. The loudest opinions are usually learning the most.

Plurality is the point.
/ 02
On AI

As foundational as the wheel. Keep humans at the gate.

We use it daily and the leverage is real. But the accountability sits with the human in the room. Try blaming your LLM to the CFO when a campaign goes south.

Keep the slop out.
/ 03 Start here Six pillars · the latest · the editor

Where to start

/ Six pillars / 60+ articles planned
Alfie Lagos, editor of What is Programmatic
About the editor

Twenty years of buying media, written down honestly.

Alfie Lagos is MD of Lexlab, an independent Melbourne media agency, and founder of Neuravo, an AI media planning platform.

$200m+ / Media managed
20+ / Years in market
14 / Major platforms
APAC+EU / Markets covered
Full bio →
/ The Despatch

One email a month. Worth opening.

A short, opinionated read on what's moving in Australian programmatic. Plus the new pieces published. No autoresponders, no funnels, no "exclusive content" gated behind a survey.

Unsubscribe with one click. We'd rather you didn't but understand.