Article in the WSJ puts paid to the wishful view that search advertising will survive the recession, whereas display advertising will not.
U.S. search advertising spending fell 8% in the fourth quarter of 2008 from the same period in 2007, according to a new study from search advertising firm Efficient Frontier, whose search industry spending index was flat for most of 2008.
We
never believed the hoopla, but its good to see it proved.
Explains Google's radical strategy overhaul over the last few months,
culling non core businesses and trying hard to make
costly ones like YouTube pay their way.