European advertisers choose online advertising over traditional media like TV, newspapers, and magazines – European Interactive Advertisers Association.

• Just 8% of the advertisers said they cut budgets for online advertising.
• Seven in 10 said their online ad spend is increasing in ’09.
• Nearly four in 10 advertisers said budgets are being reallocated from TV (37%). Some 32% are moving funds away from newspapers, 46% from magazines.

And the trend will likely continue throughout 2009, according to the report. Online advertising is playing a more central role in overall ad strategies

• 47% of advertisers consider online solutions as an essential factor within the marketing mix, up from 38% in last year’s research.
• 16% are allocating larger budgets to pan-regional rather than country-specific campaigns – up from 11% last year.

64% of advertisers increased their paid search investments. Email, display and video advertising were cited as most popular tools. Mobile is also growing: 30% of marketers are making use of mobile formats within their overall strategy.