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	<title>WebProNews &#187; PQ Media</title>
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		<title>Online And Mobile Ad Spending Reached $29 Billion In 2007</title>
		<link>http://www.webpronews.com/online-and-mobile-ad-spending-reached-29-billion-in-2007-2008-04</link>
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		<pubDate>Wed, 02 Apr 2008 20:43:18 +0000</pubDate>
		<dc:creator>Mike Sachoff</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Advertising]]></category>
		<category><![CDATA[Mobile Ads]]></category>
		<category><![CDATA[Online Ads]]></category>
		<category><![CDATA[PQ Media]]></category>

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		<description><![CDATA[<p>U.S. spending on online and mobile advertising increased to $29.9 billion in 2007, according to PQ Media's &#34;Alternative Media Forecast: 2008-2012&#34; report.</p><p>The firm said 18 digital and non-traditional media segments, accounted for 16.1 percent of total advertising and marketing spending in 2007, up from 7.9 percent in 2002.</p>]]></description>
			<content:encoded><![CDATA[<p>U.S. spending on online and mobile advertising increased to $29.9 billion in 2007, according to PQ Media&#8217;s &quot;Alternative Media Forecast: 2008-2012&quot; report.</p>
<p>The firm said 18 digital and non-traditional media segments, accounted for 16.1 percent of total advertising and marketing spending in 2007, up from 7.9 percent in 2002.</p>
<p>&quot;By 2012, we anticipate one out of every four dollars spent on advertising and marketing will be earmarked for alternative media,&quot; said Patrick Quinn, President and CEO of PQ <a title="Online Ad spending" href="http://www.pqmedia.com/index.html">Media</a>. &quot;Alternative advertising and marketing media are driving a new media order that presents vast opportunities for industry stakeholders, but also key challenges for some of the fastest-growing digital media segments.&quot;</p>
<p>Estimates of total US online ad spending in 2007 range from $10.9 billion (Universal McCann) to $30.5 (Veronis Suhler Stevenson).</p>
<p>eMarketer tracks U.S. online ad spending estimates from 23 companies and estimates that online spending was $21.1 billion in 2007.</p>
<p>&quot;Technological advances have led to critical changes in consumer behaviors and media usage patterns, which have pushed the advertising and marketing ecosystems into a seminal period of transition&quot;, added Quinn.</p>
<p>&quot;Driven by these market forces, brand marketers are seeking new strategies to connect with consumers through engaging means in captive locations, while at the same time providing proof-of-performance metrics. This confluence of trends is fueling the migration of dollars to alternative media.&quot;<br />&nbsp;</p>
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