The U.S. economy has likely been in recession for a year, and tech companies have been bracing for a big slowdown in growth. But the fact is that revenues for most Internet-based companies haven’t dropped yet. Amazon, in fact, was able to issue its annual “best year ever” press release the day after Christmas.
That’s all about to change, at least for content sites, starting this week. Display advertising revenue is going to fall of a cliff in January according to a number of content sites I’ve spoken with who rely on advertising for revenue. “Sales through December were mostly strong as advertisers used up their marketing budgets,” said one sales exec. But, he added, “there are few buyers for this next fiscal quarter, and those few that are buying are looking for steep discounts.” More

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