Last Updated Mar 27, 2009 4:58 PM EDT
The conference was held at Manhattan's Explorer's Club, which features a stuffed polar bear on the second landing (pictured). It was not clear whether this endangered animal was intended as some sort of message about traditional advertising.
In an upbeat address, Khan -- who covers Google, IAC, News Corp, Omniture, Time Warner, Viacom and Yahoo!, among others -- noted that the web is well-poised to cash in when the recovery arrives. TV accounts for 37 percent of consumer time spent with media, the web accounts for 29 percent, but the latter gets only 8 percent of ad dollars right now. So there is a significant upside yet to arrive on the web, Khan believes. He also notes that among youth, 38 percent of their media time is spent on the web -- surpassing that of TV.
As might be expected at a cost-per-lead conference, Khan said performance-based advertising would far outstrip non-performance ads, such as banners. Both categories are still growing he said, but performance-based ads took in $25 billion whereas non-performance-based ads took in $15 billion last year.
- BNET's previous coverage of the web ad economy:
- ValueClick Q4: Recession Arrives on the Web and It Ain't Pretty
- Q4: Web Ad Economy Enters Recession; Display Ad Prices Decline
- Q3: As Traditional Ad Economy Sinks, Web Ads Still in Growth Mode
- Web Ad Economy Faces Recession -- Possibly
- Q&A: ValueClick's Ardis on Where Client Money Is Going