Internet Radio is growing

A news release by the Radio Advertising Bureau reports growth of Off Air Radio Channels, which includes internet radio. The advertising revenue of off air channels has grown 7 % over the last year. Opposite to this the revenues of conventional radio broadcasting channels are shrinking. In the following there is a resuming article and the original release by a pdf file.

Radio Revenues Sink 9% in 2008; Off-Air Grows 7%

Off-Air Growth pacing to approach $2 Billion in 2009
Radio Revenue reflects Economy in Q4, full Year 2008

Directory Sources: Streaming Media Advertising – Podvertising, Podcasting