Declines in global advertising will be much worse than expected, says a leading media buyer PublicisGroupe, which will today unveil the grimmest forecasts yet seen for the advertising market and traditional media companies.
Worldwide advertising spending, a barometer for economic confidence, will fall 6.9 per cent in 2009 to $453bn, compared with 1 per cent growth last year, predicts Zenith Optimedia, the media buying unit of Publicis, the world's fourth-largest advertising group.
The forecasts outstrip rivals' figures released last month. Group M, owned by WPP, expects a 4.4 per cent decline this year and Carat, owned by Aegis, expects a 5.8 per cent drop.
The outlook is gloomiest for newspapers. Spending is projected to fall 12 per cent. Radio and magazines are also grappling with double-digit declines.
Bill & Chelsea Clinton in NYC Oct 8 $150 open bar with Special musical
performer Marc Roberg of O.A.R
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Special musical performer Marc Roberg of O.A.R . Event starts at 7 pm. You
can buy tickets here. $150 general admission includes open bar. $2500
includes a...
8 年前
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