New York -- Internet ad revenue hit a new record of $3.9 billion during the first quarter, a 38% jump from the same quarter a year ago, according to a new report from the Internet Advertising Bureau (IAB) conducted by PricewaterhouseCoopers. Revenue also was up 6% from the previous quarter, spurring even more optimism among industry officials. "The steady growth of online advertising is a clear indication that marketers continue to believe in the opportunities and effectiveness that this medium delivers in reaching and engaging their consumers," said Greg Stuart, the CEO of the IAB.
http://www.iab.net/news/pr_2006_05_30.asp
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