Inteligit, Inc. The BUZZ

Monday, November 21, 2005

Internet Advertising Up 34%-Told You So

Hey People,

Check out the Reuters' story below. Man, I hate to say I told you so, but..........(smile)......

Mon Nov 21,10:33 AM ET NEW YORK (Reuters) - Spending on Internet advertising rose 34 percent in the third quarter to $3.1 billion from a year earlier, setting a quarterly record and bolstering expectations that the market could exceed $12 billion this year, according to data released on Monday. The quarterly report issued by the Interactive Advertising Bureau trade group and PricewaterhouseCoopers said online advertising revenue was up nearly 5 percent from the second quarter. "The third-quarter figures are the most impressive we've seen yet," said David Silverman, a partner at PricewaterhouseCoopers. "Clearly advertisers are realizing the benefits of shifting more of their total advertising budgets to online."Advertisers are spending more on Internet campaigns as consumers devote a growing amount of time to the Web and online publishers provide more sophisticated tools for serving up and tracking ads.