Howard Hughes, Jr. was an aviator, built aircraft, and was a Hollywood film producer. He would also have a major impact on the future of Las Vegas after moving there in 1966. By the late 1960s, he owned six casinos on the Las Vegas Strip. His presence brought credibility to casino gambling as a business, and contributed to ushering in the era of corporate ownership of casinos.
His father was an oil prospector who perfected an oil drill bit that pierced bedrock, literally a ground breaking invention, and it made the Hughes family very wealthy. In 1924, his father died suddenly, leaving Hughes Jr. most of the family tool business.
Not interested in running the tool business, Hughes delegated management duties, and moved to Los Angeles to start financing movies and selflessly help attractive film actresses with their careers.
In 1939, he bought control of Trans World Airlines, a passenger airline. He transformed the passenger industry when he used his tool company to buy a fleet of forty new Lockheed airliners that could go from New York to Los Angeles in only ten hours. a revolutionary accomplishment in human travel at that time.
Internet advertising revenue will double from $25.5 billion in 2007 to $51.1
Wednesday June 11, 2008
Web #2 Ad Medium in Five Years
According to a recently released study by IDC, the U.S. Internet Advertising 2008-2012 Forecast and Analysis, overall Internet advertising revenue will double from $25.5 billion in 2007 to $51.1 billion in 2012. During the forecast period, Internet advertising will grow about eight times as fast as advertising at large.
Video advertising will be the principal disruptor of Internet advertising during this time, as its revenue grows sevenfold from $0.5 billion in 2007 to $3.8 billion in 2012 at a compound annual growth rate of 49.4%. Brand advertisers will shift significant amounts of money into video commercials, primarily from broadcast television and to a lesser extent from cable television.
Send Message
Add to Friends
Add to Favorites
Block User
| 
