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Web ad spending hits record high

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From Times Wire Services

U.S. Internet advertising revenue rose 25% in the third quarter to about $5.2 billion, a record, a report showed.

Data from the Interactive Advertising Bureau and PricewaterhouseCoopers showed that revenue for the first nine months of 2007 totaled $15.2 billion, up nearly 26% from the $12.1 billion recorded during the first nine months of 2006.

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