Did you know that Internet publishing–Internet publishing supported by advertising, that is–creates millions of jobs in this country? It’s true, says a trade group, which is trying to convince Washington that all that is at risk if people start passing pesky laws.
Ad dollars are still moving from offline venues to the Web, which makes sense, because that’s where people’s eyeballs have moved. But they’re moving much more slowly: U.S. Web ads increased by a mere 2.6 percent during the last three months of 2008, to $6.1 billion. The year before, they had grown at a 24 percent clip.
Everyone who wondered why Randy Falco and Ron Grant were still running AOL finally got an answer today: Time Warner was lining up their replacement. Google sales chief Tim Armstrong becomes chairman and CEO of the troubled Web property, effective immediately.
Are you still thinking there might be growth in the online ad market next year? Perhaps this will disabuse you of the notion: New numbers from an industry trade group indicate that growth has already stopped for everyone except Google.
Peter Kafka has been covering media and technology since 1997, when he joined the staff of Forbes magazine. Most recently, he has been the managing editor of the tech and media Web site, Silicon Alley Insider.
Here is a statement of my ethics and coverage policies. It is more than most of you want to know, but, in the age of suspicion of the media, I am laying it all out.
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