Google To Move Into Classifieds

"Google is asking classified advertising sites, including CareerBuilder and Adicio, for direct feeds of listings, according to an alert from newsletter Classified Intelligence Report" (source: The alert is here but the link is likely to rot, so hurry up.

To put the news into perspective: "U.S. spending for online local advertising will grow 26 percent to $3.2 billion this year and to $5.3 billion by 2010, according to a report released Wednesday by JupiterResearch. Online classifieds will drive the growth. Classifieds now account for about 70 percent of spending on local advertising online - and outside of classifieds, local ad spending online remains immature." (Source: Marketing Vox)
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