Online budgets set to shift from display to search

Online is expected to overtake TV as the largest UK ad medium in 2009 by spend. However, an Ernst & Young report, Media & Entertainment... by numbers, warns that to assume online will be totally immune to the recession "would be too optimistic". Citing GroupM forecasts, the report concludes online ad spend growth will slump to 3.7% this year, down from 22.1% in 2008 and 39.5% in 2007.

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