Online Advertising Outpaces TV Spend: Ofcom Report

Online advertising spend has outpaced advertising on mainstream TV in 2007, surging 40 percent to £2.8 billion, Ofcom reported today in its hefty annual survey of the British communications market. In comparison, ad revenue at ITV1, Channel 4, S4C and Five came in at £2.4 billion.

Internet advertising revenue was also six times the size of the radio market, and had attracted as much revenue as all outdoor and magazine advertising combined. It didn