Washington, DC - Seventy-three percent of U.S. companies plan to spend as much as a fifth of their advertising budgets on ads that appear in web sites, blogs, video games, virtual worlds and other "new media" sectors, according to a new survey by the American Advertising Federation (AAF). "The survey confirms a strong commitment among executives to complementing traditional media by allocating a portion of their budgets to new media properties and experimentation," said the AAF. The survey also revealed executives' belief that traditional media categories, such as newspapers, network television and radio, are in need of innovation if they are to remain competitive.
http://www.aaf.org/news/press20070206_01.html