AOL unit to sell ads for YouTube rival (CNN Money)
Friday, March 30th, 2007Advertising.com will manage display, video advertising for unnamed online video site, a venture between News Corp. and NBC Universal.
Advertising.com will manage display, video advertising for unnamed online video site, a venture between News Corp. and NBC Universal.
NEW YORK & DULLES, Va., BUSINESS WIRE — AOL, NBC Universal and News Corporation today announced that Advertising.com Inc., a wholly owned subsidiary of AOL, will be the advertising management services partner for the companies’ recently announced strategic alliance.
NEW YORK — Advertising revenues at U.S. newspapers edged down 0.3 percent last year as gains in online revenues weren’t enough to compensate for a worsening downturn in print ads.
Internet services company AOL said on Friday its Advertising.com unit would manage advertising sold on a new online video venture being built by media conglomerates News Corp. and NBC Universal.
While the average spent on online advertising in the U.S. hovers around 5% of total ad budgets, the U.K. is blazing a trail with 11.4%. Online advertising grew by more than 41% in 2006 , overtaking national newspaper ads (10.7% share) and about half the amount spent on TV ads (which actually dropped 4.7%). It’s good news for online marketers… “The internet is a hugely popular mass …
Internet advertising is a big business in the UK, and according to a new report, it’s reached record proportions. Over 2 billion pounds - that’s about $3.95 billion - was spent in 2006, which represents a 41% increase over the previous year’s figures. Even more important is the fact that only $3.73 billion was spent on newspaper advertising. That’s right - for the first time ever, online ads …
Shares of online advertising company Miva Inc. rose in Thursday morning trading after the company said it beat Yahoo and Google for an exclusive pay-per-click contract in the U.K. with Conde Nast Interactive.