WPP Group warns of U.S. ad slowdown

10/19/2007 | Wall Street Journal, The

In an interview, WPP Group CEO Martin Sorrell suggests that U.S. advertising spending could lag in 2009, as a new presidential administration copes with fallout from the credit crunch and other economic issues. In the longer-term, Sorrell said, WPP plans to ramp up its efforts in emerging markets so as to offset potential weakness in the U.S. and Western European markets.

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Wall Street Journal, The

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