Online Ad Growth Accelerates, Outpacing Newspaper, TV Spending



Good news for all of us in the online marketing/advertising space. According to Bloomberg

The market for online ads will increase 32 percent to $16.6 billion next year, fueling growth at companies including Google Inc. and Yahoo! Inc., Credit Suisse First Boston analyst Heath Terry said in a research report. He had previously forecast 21 percent growth.

Looks like rich media ads will see the largest growth next year.

Sales of online ads that have animation, sound or interactive features will jump 66 percent next year to become the fastest growing area of Web ads, Credit Suisse predicts. Yahoo, the most-visited Web site, and No. 1 search-engine Google are winning business at the expense of publishers and broadcasters.

Hat-tip Battelle.