NEW YORK — The Internet was the worst performing sector in the media business for the first three quarters of 2002, according to the latest report from CMR, with online ad expenditures dropping 18 percent versus the same time a year ago.
CMR, the New York-based company that tracks ad spending in major media, reported that Internet ad revenues were $3.8 billion for the first nine months of the year, down from $4.6 billion a year earlier.
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