Internet Advertising Had an Epic First Quarter

Internet advertising revenue reached an all-time high in the first quarter of 2010, according to a report by the Interactive Advertising Bureau and PricewaterhouseCoopers.

In Q1, online advertising sales totaled $5.9 billion, a 7.5 percent increase over the same period last year.

It is shaping up to be a–relatively–good year for the media industry on the whole. Prominent companies in both the television and magazine industry–namely CBS and Time Inc.— have both made bold statements about the value of their ads in the last week.

(h/t Forbes)