By Jake Pitt
First, the boring crap:
According to a Nielsen Company report, total advertising spending for the first half of 2007 decreased 0.5% from the same period in the prior year. However, internet advertising showed to still be rockin’ strong, actually increasing 23.2% over this period.
What this shows is that the product lifecycle of traditional media advertising (TV, magazines, etc.) has reached the decline stage, which is characterized by decreasing sales due to market saturation, technological obsolescence, and a change in customer taste. This also shows that internet advertising is in its growth stage, absolutely rockin’ it with skyrocketing revenue growth.