Analyst: Hurricane Sandy to Cost Ad Industry $500 Million

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By: Rupal Parekh | Advertising Age

The climate for growth among U.S. ad companies had already been looking stormy for the second half of 2012, and now, Hurricane Sandy is leading to a worsened outlook.

As Ad Age reported last week, major holding companies such as WPP and Publicis Groupe cut their growth forecasts.

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