Web spending hits new record in third quarter

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U.S. Internet advertising revenue rose 25 percent in the third quarter to about $5.2 billion, a new record, according to data released on Monday. The report by the Interactive Advertising Bureau (IAB) and PricewaterhouseCoopers showed that online advertising revenue has hit new highs in each of the first three quarters of 2007.
Revenue for the first nine months of 2007 totaled $15.2 billion, up nearly 26 percent from the $12.1 billion recorded during the first nine months of 2006, the report said.
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