“More candidates are using the Internet to reach voters, but overall, politicians are spending a tiny portion of their budgets online, just as most corporations were doing several years ago, ” said Richard Kosinski, vice president of political advertising for Yahoo!. “We don ’t think the 2008 election will turn on which candidate has the best blog or wiki. But we are saying that many campaigns are missing the important opportunity to tap into the great enthusiasm that Citizen 2.0 brings to the political process – and it ’s easier than ever to do given the innovations in technology, the rise of social media, and the advancements in online advertising. ”

Yahoo! will share the findings of this new research study at its first ever political summit in Washington, D.C., before an audience of political influencers including campaign managers, strategists, and academics. The summit will focus in part on key online advertising trends and best practices being leveraged by the candidates today. As the influence of Citizen 2.0 grows, researchers predict that political professionals will shift attention and advertising budget to the online channel.

“More and more political candidates are discovering that the power of the Internet boosts their campaigns ’ momentum by connecting them with engaged, committed voters, ” said Carol Darr, an expert on new media and politics and an adjunct lecturer at Harvard ’s School of Kennedy Government. “Today ’s tech-savvy candidates are expanding their use of the Internet to include strategic online advertising that connects with supporters who are likely to spread the candidates ’ messages via online word of mouth, using email, instant messaging, and social media. ”

One of the highlights of today ’s summit will be a discussion between special guest speakers Karl Rove, former White House Deputy Chief of Staff, and Max Cleland, former U.S. Senator from Georgia. Touching on themes from the Citizen 2.0 research, Rove and Cleland will discuss and debate how the Internet has fundamentally changed voter behavior, impacting campaigning, news consumption habits, issues amplification, and voter engagement.

Citizen 2.0 – Implications for 2008 Campaigns

In identifying behaviors and characteristics of Citizen 2.0, the new research highlights the unique opportunity for candidates to help feed these voters ’ insatiable appetite for political information from a variety of sources. Citizen 2.0 likes connecting, sharing opinions, and discussing political views, and is more likely to volunteer time and contribute money to a candidate. Researchers also found that these voters rely on the Internet as their most trusted, and frequently used resource for gathering information, and communicating about politics:

• 87 percent use news Web sites to gather information and learn about politics
• 82 percent use search engines
• 56 percent use candidate Web sites
• 51 percent use blogs and politically-based Web sites
• 40 percent use online political groups

In a recent example of Citizen 2.0 in action, Mitt Romney supporters created and posted online a total of 129 commercials, as part of a special campaign promotion inviting the public to use photos, videos and audio clips to create a video ad. The commercials were viewed nearly 100,000 times.

Yahoo! has been heavily involved in politics in recent months including working with presidential candidates such as Hillary Clinton, Mitt Romney and Barack Obama to develop strategic online advertising programs. In addition, Yahoo! has revamped and expanded its elections Web site (http://elections.yahoo.com), and hosted an online MashUp debate in September with the Huffington Post and Slate Magazine.