If you use managed placements to manage bidding or targeting on the Google Display Network, you might have at one point questioned why you saw three separate default bids in your ad groups: a regular default bid, a managed placements bid, and a Display Network bid.

We’ve heard feedback from advertisers that it’s confusing to work with these three default bids (and most of you don’t even use default bids for your managed placements--preferring to set bids individually). In an effort to simplify things, we’ll be removing the managed placements default bid starting on March 15, 2011.

After this change, you’ll be able to continue managing default values for both managed and automatic placements by using a single Display Network default bid. Individual bids for managed placements will allow you to maintain the flexibility you have today.

Here’s how this change will affect you:

One important note: AdWords Editor 7.6 is not compatible with this change. Any changes to managed placements bids in this version of Editor will result in an error. Please make sure to download the latest version of AdWords Editor to manage your bids.

If these changes apply to your account, you’ll be receiving an email from us with additional details and will also see an announcement in your AdWords account. There’s no need to take any action in your account, but you can always feel free to adjust your bids at any time.