Ad Age
The Association of National Advertisers last week released some pretty scary findings about how hard the marketing industry has been hit by the financial meltdown, as
Nina M. Lentini reported, yet the bad news keeps getting worse, Rupal Parekh says, with no one predicting a turnaround anytime soon. Unilever CEO Paul Polman "rocked" analysts, he writes, by refusing to provide "inappropriate" forecasts. Colgate-Palmolive and Procter & Gamble are renegotiating media contracts. Wal-Mart is laying people off, and Anheuser-Busch is
eliminating retainers for its agencies. We may even be seeing less stats about how bad things …