Online Advertising Grew 11 Percent in Third Quarter

Online advertising revenue reached 5.9 Billion U.S. dollars in the third quarter, an increase of 11 percent over the same period last year, according to a report by the Interactive Advertising Bureau and PricewaterhouseCoopers. Third quarter revenue was 2 percent higher than the second quarter of 2008. Revenue for the first nine months of 2008 reached 17.3 Billion U.S. dollars, an increase of nearly 14 percent.

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