Tuesday, July 7, 2015

Paper Cuts

Ad spending fell 4% in the first quarter versus last the year, The Wall Street Journal reports.

Outsized cuts came to print vehicles.

Newspapers suffered a 15% falloff, while magazine advertising was trimmed more than 8%.

The absence of special events like 2014′s Sochi Olympics worsened the decline. 

Nonetheless, cuts by the 10 biggest spenders—companies like Procter & Gamble, General Motors and AT&T—exceeded 10%.

Those advertisers trimmed spending "to cut costs and navigate the complexities of the digital ad market," the newspapers says.
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