Online ad spending forecast to hit $51.9B

Borrell: Local and targeted ads expected to fuel 2011 growth

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Businesses may boost spending on all forms of advertising by just 5 percent next year, but online advertising is expected to post double-digit growth, thanks to a surge in local and targeted advertising, analytics and consulting firm Borrell Associates projects.

Borrell forecasts that outlays for local online ads will grow by nearly 18 percent next year, to $16.1 billion, and that spending on targeted display ads will grow by nearly 60 percent, to $10.9 billion.