Web advertising continues to do well in the United States despite a down economy.
Online ad revenue totalled almost $5.9-billion (U.S.) in the third quarter, up 11 per cent from the same period last year.
For the first nine months of the year, online advertising revenue in the United States totalled $17.3-billion, compared with $15.2-billion in the same period last year, according to The Associated Press.
About 10 per cent of all money spent on advertising in 2008 is going toward online ads, according to Britain-based advertising company ZenithOptimedia.
Addendum
That news is actually from last Friday, although it was in Monday's G&M. Here's how Forbes reported it on Nov. 21:
... Comparing the latest figures from the Interactive Advertising Bureau to its Q307 report shows how much growth has slowed.
While online ad spending approached $5.9 billion this past quarter, in Q307, when the IAB said revenues hit $5.2 billion, it had gained 25.3% over the prior year.
Although online ad dollars had already been slowing last year consider the difference from Q306, when web-based advertising was up 33%.
Forbes concluded online advertising revenues should be considered flat when compared to Q1 and Q2.
So maybe the news wasn't so great after all.