Guru cuts ad targets, but online still gains
Citing worsening economic conditions coupled with the lack of growth in consumer disposable income, Robert J. Coen, director of forecasting at Interpublic Group’s Magna unit, reduced his estimate for full-year US ad-spending growth to 2 per cent, down from a 3.7 per cent forecast made in December. He also trimmed estimates for world-wide ad growth […]