Sunday, August 24, 2008

Marketers Prepare to Slash Ad Budgets

There's more bad news on the horizon as marketers prepare to slash ad budgets and more closely scrutinize media expenditures, according to a new Association of National Advertisers survey issued today.

Fifty-three of the 100 ANA members polled expect to reduce their media budgets in the next six months as a result of the poor economy. And 87 percent said they've been asked to identify cost savings or reductions in current marketing and advertising efforts.

http://www.adweek.com/aw/content_display/news/agency/e3i6c255e1c4f2d23685714fcbf7b398982

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