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NEW YORK The Internet was one of the worst performing sectors in the media business in 2002, according to the latest figures from CMR/TNS Media Intelligence, with online ad expenditures declining 12 percent from the year before.
CMR, the New York-based company that tracks ad spending in major media, reported that Internet ad revenue was $5.7 billion for the year, down from $6.5 billion a year earlier.
Earlier this year, CMR predicted a rebound for the troubled sector, forecasting a 7 percent rise in Internet ad spending in 2003 [IQ Daily Briefing, Jan.
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