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Guess what - More money is being spent on new media

While ad spending on new media technologies such as blogs, podcasts and RSS is still relatively small in absolute dollars, the growth in those areas over the next few years is expected to be huge. The three sectors combined only brought in about $20 million in ad revenue in 2004 but then grew by close to 200 percent in 2005 and is expected to leap another 144 percent in 2006. Podcast advertising is seen as taking up a good chunk of that growth, growing from $3 million in 2005 to a projected $300 million in 2010. The most attractive aspect of all this user-generated content is the demographic that consumes it. The audience for blogs, podcasts and RSS is seen as being relatively well off, young and mobile. Engaging and reaching that group is increasingly important for advertisers who are seeing traditional outlets like newspapers and TV be less attractive options for that audience.

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