Exclusive outtakes from industry leaders
Why is it that the United States’ advertising as a proportion of marketing services is at its lowest point since 1977, maybe even lower than since the Second World War?
You may have guessed it it’s the recession.
“The recession is less worse,” Sorrell said, repeating a favourite phrase of late, and while it’s the biggest recession since 1929 it is also “a perfect storm” that has brought forward change.
“The recession has accelerated structural changes that were already happening,” Sorrell said at the Reuters Global Media Summit.
Will advertising ever go back to where it was? Yes, if you are looking at new media advertising on Kindles and mobile.