Report: Web Still Growing Despite Recession
The days of continuous record setting quarters appear over for now, but online advertising is still growing steadily in the face of a rough economic environment, based on the latest figures released by The Interactive Advertising Bureau and PricewaterhouseCoopers.
Online ad spending approached $5.9 billion during the third quarter, an increase of 11 percent versus the same quarter in 2007 and up 2 percent versus Q2 of this year. According to the IAB, the $5.9 billion figure represents the second largest quarter ever for the industry.
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