Internet Ad Market A Bull or Bear?

Seems like it all just depends on how one spins it sometimes. The IAB and PricewaterhouseCoopers tout a bull market for online advertising in the first half of 2008. The Associated Press, though, describes a second quarter decline as the beginning of the end.

Of course economic pessimism is sort of en vogue these days.

The AP isn’t so optimistic and that pessimism seems right at home after a weak back-to-school season and what everyone is sure are hard times ahead. The AP characterized the same IAB report as sign of what’s to come: ad sales dipped in Q2 compared to Q1.

That revenue "dipped slightly" is not a seasonal effect, according to AP writer Rachel Metz, but instead "a ripple effect from the bad economy." The previous seven quarters showed increases.

"When you look at the economic environment, I think one would conclude this is certainly quite reasonable and not unexpected," said David Silverman, a partner at PricewaterhouseCoopers—yes, the same PricewaterhouseCoopers in the beginning of this article.

Well, guess we should get used to complete turnarounds, huh? On the bright side, Christmas this year might actually go back to being about family and goodwill towards men—we’ll have little else, won’t we?