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SAN FRANCISCO MDC Partners CEO Miles Nadal today acknowledged the harsh realities faced by holding companies and their agencies — including the pressure to do more for clients for the same or less compensation — but added that it’s a great time to demonstrate the ability to innovate.
Nadal (pictured), speaking at the Leadership Conference of the American Association of Advertising Agencies, described advertising as an “industry under siege” that’s not likely to recover until mid-2010 at the earliest.
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