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December 31, 2012
05:51 EDTPUBGY, WPPGY, MDCAAd agencies face budget cuts over fiscal cliff, WSJ reports
Advertising agencies could see budget cutbacks as the fiscal cliff affects advertisers, reports the Wall Street Journal. Without a Congressional budget deal, there will likely be "further belt tightening" in the advertising and media business, said Laura Desmond, CEO of Starcom MediaVest, a media buying giant owned by Publicis Groupe (PUBGY). Reference Link
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