Marketing agencies' value still below the highs of dotcom era

Media & internet agency valuations remain way below their peak of the dotcom era in spite of hype about the internet's "second coming" via video-sharing, blogs and so-called Web 2.0 trends increasing digital agency revenues.

At the internet bubble's height in March 2000, the average price-earnings multiple of UK-listed media agencies was 76 times historic earnings per share, according to Datastream, the information provider.

» Financial Times