WebMediaBrands (formerly JupiterMedia) has just announced that it is selling Internet.com for $18 million to QuinStreet Inc. QuinStreet calls itself the leader in online performance-based vertical marketing.
If you need any more evidence that mobile advertising is booming, AdMob is getting ready to serve its 100 Billionth ad. The firm notes that this is over 14 times the entire world population (as of 2008), 107 times the distance (in miles) to the sun, and about half to a quarter of the number of stars in the galaxy. Suffice it to say, that's a lot of mobile advertising. And that's just from AdMob.
More people are paying bills at bank or credit union websites than at individual biller websites, according to a new report from Javelin Strategy & Research.
"For the first time, more consumers paid bills via bank sites in the past month rather than biller-direct sites," James Van Dyke, President and Founder of Javelin Strategy & Research said.
The FBI has announced the indictment of a Canadian man for his role in processing more than $350 million for Internet gambling companies.
According to the indictment, Douglas Rennick, 34, opened bank accounts in the U.S. from 2007 to June 2009, under a variety of corporate names and "falsely represented that the accounts would be used for such purposes as issuing rebate checks, refund checks, sponsorship checks, and affiliate checks and minor payroll processing."
Global spending on Internet advertising declined for the second consecutive quarter, by 5 percent, to $13.9 billion from $14.7 billion in the same quarter a year ago, according to a new report from IDC.
All global regions posted losses, except for the Asia/Pacific region and Japan, which saw slight gains in the second quarter. U.S. online ad spending also dropped for the second quarter in a row, by 7 percent year- over- year, to $6.2 billion from $6.6 billion.
A filing with the SEC has now unveiled further details into the Microsoft Yahoo deal. Among the items revealed is the fact that Microsoft will be getting some Yahoo employees. As part of the transition plan, the filing says:
While some states have created solid websites to provide information about their portion of the $787 billion American Recovery and Reinvestment Act (ARRA), most are failing to effectively educate taxpayers about the impact of economic stimulus spending, according to a report from Good Jobs First, an economic development research group.
Financial services firm UBS apparently doesn't feel that the new Microsoft-Yahoo deal poses too much of a threat to the other big search contender. Today, UBS initiated its coverage of Google with a "buy" rating and some rather aggressive targets.
According to a statement Carol Bartz issued this morning, the new Yahoo-Microsoft deal "comes with boatloads of value for Yahoo, our users, and the industry." But a significant number of Yahoo's (former) investors apparently didn't believe that line, and have sent the company's stock into something of a tailspin.
Google may be great at search, advertising, and a lot of other things, but its investment strategies could apparently use some work. Time Warner has bought back Google's five percent stake in AOL - for which the search giant paid $1 billion in 2003 - for a mere $283 million.
iEntry 10th Anniversary
RSS
Newsletter
Advertising
