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GroupM: UK TV and press ad revenues 'to fall by more than £350m this year'

"Sir Martin Sorrell’s Group M predicts slide in traditional media – but says digital will more than make up the shortfall.
Sir Martin Sorrell’s Group M estimates that TV and press advertising revenues will fall by more than £350m in the UK during 2012, despite any windfalls generated by Euro 2012 and the London Olympics.
However, the slump in print and broadcast will be more than offset by a boom in digital advertising, according to the media buying network.”

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