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Other Tech News The latest community based technology news from across the globe. (If you aren't a community newsposter then use the "Submit News" section.)

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Old May 30, 2006, 08:51 PM   #1
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Study: Online advertising up 38 percent in first quarter

Source: News.com
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U.S. Internet advertising surged 38 percent to a record $3.9 billion in the first quarter as marketers moved additional dollars to the Web, according to data released Tuesday.

The Interactive Advertising Bureau and PricewaterhouseCoopers surveyed leading companies that sell advertising space online, including Yahoo and Google, which are benefiting as consumers spend more of their media and purchasing time on the Internet.

"The momentum has continued to build in the Internet advertising space," said David Silverman, a partner at PricewaterhouseCoopers. "More and more advertisers are seeing the effectiveness of the medium."
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