Souring U.S. economy crimps advertising, data shows

Newswire

NEW YORK, March 25 (Reuters) - A souring U.S. economy put the brakes on advertising spending in 2007, as more than half of the top U.S. marketers cut their budgets from the previous year, according to data released on Tuesday. TNS Media said U.S. advertising spending for the full year rose less than 1 percent to $148.99 billion after a fourth quarter when spending was essentially flat. The report said spending had showed no signs of picking up since then. "As a whole, the ad market ...

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