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However, profit has remained relatively stable, decreasing by £2m compared with the same period last year, largely due to reduced spend from the successful delivery of energy efficiency obligations ahead of schedule.
The vast majority of publishers agree to it and the few that don't will be adversely impacted with significantly reduced spend or be completely removed from our preferred vendor list".
"Some clients when briefing us have kind of under-the-radar reduced spend or give another reason for not wanting to run very much advertising in a title like, say, the Sun," said a second senior press buyer at a leading media agency.
The company added that reduced spend on marketing and promotion, coupled with "a shift to high value-added models," improved the operating revenue figure significantly.
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"The government has reduced spending.
Advertising pages at Business Week dropped 20percentt as companies reduced spending.
Newsprint prices have fallen 6percentthis yearas as the slowing economy has reduced spending on newspaper advertising.
Delta and other airlines have reduced spending to deal with the lingering effects of Sept. 11.
The candidates declared their fealty to general principles: free trade, lower taxes and reduced spending.
We estimate that these cost cuts will reduce spend by ~$450M in F'09.
It would reduce spending on social security.
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CEO of Professional Science Editing for Scientists @ prosciediting.com