Online Ads Bright Spot In Forecast: ZenithOptimedia

The global advertising picture is weak and getting weaker, with only online media showing any growth, according to a new forecast from ZenithOptimedia.

Worldwide advertising expenditures are seen as dropping by 8.5% between 2008 and 2009, steeper than the 6.9% decline the company anticipated in April.

Why the decline? First quarter results were worse than ZenithOptimedia