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Procter & Gamble Hacks Ad Budget 18% in Q1, Remains Top Advertiser

Published on June 09, 2009
Procter & Gamble, the world's largest advertiser, sliced its ad budget by nearly 18% in the first quarter, to $674.1 million, according to TNS. The average of the top 10 advertisers cut their budgets by 5.7%, while overall, U.S. media spending declined 14.2%.