Newspapers were hit hardest, but it looks as though online advertising sales may be feeling the burn as well as Wall Street’s financial crisis spurs banks and brokerage firms to cut ad spending, BusinessWeek reports. Russell Fradin, president of Adfly, tells the magazine, “The first six months of the next year will be slow.” Research firm eMarketer expects Internet advertising growth to slow to 17.4% this year, down from 25.6% in 2007, BusinessWeek says.
—Christopher Perez