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Web Beats Radio and Cable: Web Ads Topped $21B in 2007

posted by Harry Gold @ Saturday, May 17, 2008 - 10:23 PM
The Internet ad market last year grew 26%, surpassing both radio and cable TV, to reach $21.2 billion, according to the annual online ad spending report from IAB and PricewaterhouseCoopers.

Search advertising accounted for 41% of the total spend, with display ads making up 34%. Video, which in 2007 was broken out as a separate category for the first time, made up 2% of overall online ad spending. "We've learned not to be surprised by the vitality and vibrancy of Internet advertising," said David Doty, SVP-thought leadership and marketing at the IAB.

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