Borrell: Local Online Revenue to Jump 50% in '08

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Local online revenue is expected to skyrocket this year, up 50 percent to $13.1 billion, according to a study released Thursday (May 29) by Borrell Associates.

Most of the growth is driven by pure-play companies and to a lesser extent, traditional local media companies ramping up ad sales on their own sites. More than half of the $13.1 billion revenue will go to pure-play local Web sites. Of the traditional media, newspapers are projected to bring in the most at $3.7

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