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Online Ad Revs Fall 5.4%

Online advertising revenue in the U.S. fell 5.4% in the third quarter from a year ago. Here's some hope: Revenue was up 1.7% from the second quarter, the first sequential increase since late 2008, the industry trade group Interactive Advertising Bureau said in a report prepared by PriceWaterHouseCoopers LLP.

In the third quarter, online ad revenue totaled $5.5 billion, down from $5.84 billion a year ago and a substantial decline from the peak of $6.1 billion in the fourth quarter of 2008. But it's up from the second quarter's $5.43 billion.

Read the whole story at TV NewsCheck/AP »

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