* MagnaGlobal sees $412 bln in global ad revenue in 2011
* Online advertising seen overtaking newspapers in 2013
LOS ANGELES, Dec 5 (Reuters) - Global advertising revenue will grow 5.4 percent to $412 billion in 2011 as economies return to more solid footing, said research firm MagnaGlobal.
MagnaGlobal, a division of Interpublic Group of Cos Inc (IPG.N), had previously forecast a less bullish boost of 4.2 percent. It said spending in the fast-growing economies of China and India will help drive higher revenue.
Television will remain the top advertising medium, accounting for $169 billion in 2011, MagnaGlobal said.
But in a sign of the Web’s coming of age, the company predicts that online advertising will overtake newspapers as the world’s second-largest advertising medium by 2013.
MagnaGlobal’s expectation for the compounded annual growth rate for the global advertising industry is 6.3 percent through 2016. That represents an upgrade for most years of more than half a percent, compared to its previous forecast from June. (Reporting by Alex Dobuzinskis: Editing by Gunna Dickson)