In a report today, Cowen & Co. analyst Jim Friedland says he now expects online advertising sales to fall six percent in the United States this year, down from a previous estimate of negative three percent. His reasoning? Unsurprisingly, he cites poor performance at MySpace and display-advertising dependent internet portals during the first quarter.
To back that up, Friedland breaks down changes in online ad sales at 22 properties during the first quarter, compared to a year ago. The complete list, after the jump: