Some online publishers and media buyers are breathing a collective sigh of relief, as catastrophic projections for Q1 ad revenue and ad pricing declines are turning out to be overblown. Forbes.com President and CEO Jim Spanfeller said: "I was one of the people that thought Q1 would be disastrous, but so far it's not that bad. ...[T]hings have been OK. It's not the nuclear winter we feared."

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