U.S. advertising recovery belies weak consumer data

Newswire

By Sue Zeidler LOS ANGELES, Oct 30 (Reuters) - Even with consumer confidence sinking, job prospects darkening and the threat of war looming, television and radio companies are luxuriating in an ad-driven rebound some expect to run through next year. In the past few days, industry titans like Viacom Inc., Clear Channel Communications Inc and Cox Radio Inc. have posted solid quarterly results, citing improved advertising conditions. The stronger results come as worries about jobs and a ...

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