Byline: KATE MADDOX
Ad spending is expected to grow at a moderate 3.4% rate this year over 2004, reaching a total of $145.3 billion, according to a forecast by TNS Media Intelligence.
For the first half of the year, ad spending grew an estimated 4.1%, with a 2.7% increase projected for the second half, according to TNS.
"While the projected 3.4% gain for 2005 is behind the 9.8% increase that was seen in 2004, we are encouraged to see the advertising industry continue to show growth,'' said Steven Fredericks, president-CEO of TNS Media Intelligence