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Stocks fly high though report is cautious note

The Dow Jones Industrial Average last week hit a new high for the year as ad industry stocks continued to soar and positive news regarding ad spending for the network upfront spread. Seeking to throw a little cold water on any exuberance, a report by David Doft, an analyst with CIBC World Markets, expressed concern that the record dollar figures are merely being shifted to broadcast from other media.

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