NEW YORK — Domestic advertising spending is expected to total $130.4 billion this year, off slightly from initial projections in the face of weakening local advertising budgets, a prominent forecaster said today.
Robert J. Coen, who heads the forecasting unit at the advertising agency McCann-Erickson, said in his semiannual report that domestic advertising will rise 5.3% this year, down from the 6.2% gain he estimated in December.
