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Send to email | Look Out Below: GM Cutting Ad Spending in General | By Silicon el 16-Jul-2008 |
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Not unexpected, but bad news nonetheless: GM, the country's fourth-largest advertiser, is cutting its ad budget. The WSJ ($) doesn't have details on the scope of the cuts, but does point out who gets hurt:
- Newspapers
- TV, especially local TV, who get about quarter of their ad revenue from auto makers
- GM's ad agencies: Interpublic Group and Publicis Groupe
What about Web publishers? Online ad optimists have argued that in a recession, the Web should be ok, because ad buyers will shift their spends from expensive, hard-to-measure old media to cost-effective and precise online buys. We hope they're right, but we think they're wrong -- big ad pullbacks will be felt by everyone with ad inventory to sell.

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| IAB: Online Ad Spending Grinding To A Halt | | The IAB and PriceWaterhouse have released their Q3 online ad spending report. It tells us what we already knew: Online ad growth is grinding to a halt:
Display ad spending will likely be down year over year in Q4 (and sharply in 2009 and 2010 as well)
Even when counting search, Q3 spending only grew 11% year over year
If overall online ad spending (search + displa [..] Read complete article |  | Published 20-Nov-2008 by Alley In in General Read 0 times. More hits in  |
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| Oops, Tech Spending Not Immune From Recession After All | | A year ago, many tech analysts confidently declared that tech spending would be immune from a recession because BlackBerries, et al, are as important to commerce as breathing. Whoops.
Forrester's most recent survey concludes that 43% of companies have cut IT spending this year, and, in our opinion, more are sure to follow. How much will tech spending decline in this recession? Not catast [..] Read complete article |  | Published 09-Sep-2008 by Silicon in General Read 5 times. More hits in  |
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