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CTV Is Less Transparent Than YouTube. That Should Alarm Everyone

Recorded: Dec. 1, 2025, 9:02 a.m.

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CTV Is Less Transparent Than YouTube. That Should Alarm Everyone | AdExchanger

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Home Data-Driven Thinking CTV Is Less Transparent Than YouTube. That Should Alarm Everyone

OPINION: Data-Driven Thinking
CTV Is Less Transparent Than YouTube. That Should Alarm Everyone By David Nyurenberg, InterMedia Advertising

Monday, December 1st, 2025 – 12:35 am
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David Nyurenberg
SVP of Digital


YouTube is more transparent than CTV. Let that sink in. 
In 2025, the fastest-growing segment in programmatic media is now less transparent than the walled garden we have spent the last decade criticizing for opacity. And the consequences are already showing up in the market.
Look where the major media companies landed this quarter. Disney reported declines in advertising revenue and slowing streaming growth. Comcast showed softness around Peacock. Paramount posted another difficult quarter with widening losses. 
Behind closed doors, publishers are telling me that CTV spending is flattening, performance is plateauing and buyers are increasingly hesitant to push budgets further.

The reason is not complicated. When buyers cannot see what they are buying, they cannot commit their spend with conviction.
On YouTube, a buyer can see the channel title and the exact video where their ad ran (for 30% to 60% of impressions, on average). There is a foundation for measurement and brand safety.
Across CTV, you get app-level reporting, and if you’re lucky, a genre label. A small handful of MVPDs offer channel- or network-level transparency. Show-level or program-level data is almost entirely withheld because most publishers fear buyers will cherry-pick the most in-demand content and disrupt their yield strategy.
The story they sell vs. the story we see
What makes this lack of transparency even more frustrating is the disconnect between the way publishers pitch their inventory and the way it is actually sold. 
Every direct publisher sales pitch tells a story about the strength of the content, its cultural relevance and its passionate viewership. In the publisher’s mind, the content supposedly differentiates them and sets them apart as premium. 
But the second that inventory is sold programmatically, all of that positioning evaporates. The content disappears behind a black box. Buyers are handed anonymous bundles without any clarity into what content was included. 

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You cannot sell me on the power of your storytelling and then refuse to tell me what story my ad appeared next to. You cannot market premium and deliver a blind bill of goods.
The irony is that more transparency would actually help publishers. When you make it impossible for buyers to track show-level performance, inventory becomes interchangeable. Optimizing becomes guesswork. Budgets get sprayed across fragmented media packages. With OEM carriage agreements, many buyers end up buying the same publisher directly and then unknowingly buying that same publisher indirectly through another path. It looks like buyers have a choice, but all we get is duplication and waste.
Regression packaged as innovation
Television was not built this way. Linear TV always operated on the show and network level, where supply and demand reflected the cost of making content and the value of audience engagement. 
CTV has corrupted that model by copying the worst behaviors of display and online video. Everything is audience first and content last. That is not innovation. It is a regression.
When transparency does exist in CTV, the results speak for themselves. I’ve run campaigns through Spectrum that offered true show-level transparency. We built an inclusion list of top-performing linear shows. It was the highest-performing tactic across entire campaigns. 
When content performs and buyers can see it, publishers win. When everything is blind, nobody does.
There are companies actually moving the CTV space forward. 

Amazon provides real-time show-level reporting on its owned-and-operated Prime Video. 
Olyzon has built a content-first CTV platform that enables activation around content data.
Iris TV is driving adoption of a content ID framework that can unlock actual content-based measurement. 
Spectrum offers 100% transparent show-level supply. 
Peer39 enables contextual and suitability-based CTV buying through segments by using content-level and quality signals that help buyers avoid low-value and unsafe inventory.

These are the companies doing the work that matters.
But bringing digital’s legacy of opacity into CTV is holding us back.
Heading into 2026, my challenge to the CTV industry is simple: Be better than Google.
“On TV & Video” is a column exploring opportunities and challenges in advanced TV and video.
Follow InterMedia Advertising and AdExchanger on LinkedIn.
For more articles featuring David Nyurenberg, click here.

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CTV is currently operating under a significant disadvantage compared to YouTube, a trend that demands immediate attention. David Nyurenberg, SVP of Digital at InterMedia Advertising, argues that this disparity stems from a critical lack of transparency within the CTV ecosystem. In 2025, the fastest-growing segment of programmatic media – CTV – is revealing itself to be less transparent than the previously criticized walled garden of YouTube. The consequences of this opacity are already evident in the market’s performance, as evidenced by the recent struggles of major media companies like Disney, Comcast, and Paramount.

The crux of the issue lies in the disconnect between how CTV publishers present their inventory and how it’s actually sold programmatically. Publishers routinely pitch their content—emphasizing its cultural relevance and passionate viewership—promoting it as a premium offering. However, once the inventory is sold programmatically, this narrative vanishes. Buyers are routinely handed anonymous bundles without any clarity regarding the content included. This “black box” approach fundamentally undermines buyer confidence.

Prior to this shift, YouTube offered a significant advantage with its transparency. Buyers could typically see the channel title and the exact video where their ad ran, often to a degree of 30% to 60% accuracy. This foundation of measurement and brand safety facilitated a robust ecosystem. In contrast, CTV frequently presents app-level reporting, with occasional genre labels. Channel- or network-level transparency is rare, with show- or program-level data almost entirely withheld due to publisher fears of disrupting yield strategies.

This opacity creates a detrimental feedback loop. Without the ability to track show-level performance, inventory becomes interchangeable. Optimization becomes largely guesswork, and budgets are frequently sprayed across fragmented media packages. The proliferation of OEM carriage agreements further exacerbates this issue, with buyers inadvertently purchasing the same publisher through multiple channels. This duplication leads to wasted spending and a diminished return on investment.

Historically, linear television operated on a show and network level, aligning supply and demand with the cost of content creation and audience engagement. CTV’s adoption of display and online video’s problematic behaviors— prioritizing audience first and content last—represents a concerning regression. Innovation ought to reflect market realities, not simply copy outdated practices.

Despite this challenge, there are companies actively shaping a more transparent future for CTV. Amazon provides real-time show-level reporting on its Prime Video. Olyzon has created a content-first CTV platform facilitating activation around content data. Iris TV is promoting a content ID framework allowing for true content-based measurement. Spectrum offers 100% transparent show-level supply. Peer39 enables contextual and suitability-based CTV buying through segments by using content-level and quality signals.

Ultimately, Nyurenberg challenges the CTV industry to learn from Google’s operations, and “Be better than Google.”