We know things are bad in the ad world. It is just that things are even worse for folks who were too reliant on automobile advertising. Like Omnicom Group, a large advertising, marketing and PR conglomerate that counted Chrysler as one of its major accounts. Ad Age reports that they are going to cut “nearly 5% of its global work force of 70,000.” The downturn in automobile advertising is impacting everyone from television networks to business publications to Yahoo, which counted on the auto industry for a big chunk of its display advertising. (Related Post: Why Silicon Valley should be worried)
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