Online ads rise to defy crisis

Online advertising has defied expectations that the financial crisis would also crimp its growth, with annual spending to December up 27 per cent from a year ago to $1.7 billion.And while advertising in traditional media fell off a cliff in the December quarter it remained strong online, growing 22 per cent to $462 million over the same quarter last year.That performance, recorded in the audited industry figures released by the Interactive Advertising Bureau today, came despite most analysts predicting growth would halve.,28124,25025679-7582,00.html

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