Ad shops could take a hit from automotive bankruptcies

According to Chrysler's bankruptcy filing, Omnicom Group shop BBDO Detroit is the automaker's second-largest unsecured creditor, with $58.1 million in IOUs, mostly stemming from media buys made on Chrysler's behalf. If General Motors were to enter bankruptcy, it's estimated ad-holding companies Publicis Groupe and Interpublic Group of Cos. could be owed as much as $250 million.

View Full Article in:

Advertising Age (tiered subscription model) · Adweek · Wall Street Journal (tiered subscription model), The

Published in Brief:

SmartBrief Job Listings for Media

Job Title Company Location
Senior Manager, Marketing
New York, NY
VP, Membership Sales
Mobile Marketing Association (MMA)
New York, NY
Director Business and Legal Affairs
The Weather Channel
Atlanta, GA
Director, Industry Initiatives (Digital Video and AdvancedTV)
Interactive Advertising Bureau
New York, NY
Sr. Product Marketing Manager
San Francisco, CA