Advertising Recession?
Radio, network television and the newspaper industry all felt the sting of lower ad expenditures in the first half of the year. The financial services industry, which spends tens of billions of ad dollars, has been particularly hurt by the housing crisis and the subsequent credit crunch. The dip in ad spending is more than just a slowdown, reports Paul R. LaMonica of CNN Money:
”Is the economy heading into a recession? That’s up for debate.
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