Economic woe hits advertisers amid cutbacks across sectors
China Daily | Updated: 2008-09-23 07:56
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Copies of the Gannett newspaper USA Today on a newsstand in New York. Bloomberg News |
Richard Beckman, president of Conde Nast Media Group, isn't surprised that banks aren't buying as many ads in his magazines, given the financial turmoil that claimed Lehman Brothers Holdings Inc and Bear Stearns Cos.
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