International: Advertising forecasters expect modest growth for 2007
The advertising forecast for 2007 coming out of investment bank UBS' 34th Annual Global Media & Communications Conference being held this week was decidedly mild. Even with major growth projected for internet spending, Robert Coen, senior VP-director of forecasting, Universal McCann, sees only 4.8% growth in ad spending in national and local advertising in 2007. Steve King, CEO-worldwide, ZenithOptimedia, predicted only 4.2% growth.