The increasing softness in American advertising spending of the past few months has led the usually bullish Bob Coen, Universal McCann's senior vice president and director of forecasting, to issue a slightly downgraded forecast for total U.S. ad spending this year, revising his previous expectation from December 2004 of 6.4 percent growth--to $280.6 billion--to a projected increase of 5.7 percent, to $278.7 billion. ...Read the whole story
National television's upfront advertising market sluggishness shouldn't have been much of a surprise this year, given that local TV sales have been showing weakness since the end of 2004. ...Read the whole story
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