The IAB also opposed the New gTLD program.

The Internet Advertising Bureau (IAB) has spoken out against the creation of new top-level domains.

The organization urged ICANN to abandon plans to introduce new top-level domains. The IAB believes such domains will be too expensive for brands, and cybersquatters will be able to profit from companies by deliberately registering attractive domains.

The IAB believes ICANN made its decision without proper consultation, without analyzing the economic impact of the changes, and without a full and open discussion among market participants. The emergence of new domains could be disastrous for the brand and media owners represented by the IAB.