http://biz.yahoo.com/rb/080926/business_us_nbcbiz.html
Togetherness is such an interesting thing
And I'm sure it's not just NBC feelin the pain!
Large does not exist without the little people
That make them who they are!
The U.S. economic downturn has had a severe effect on broadcaster NBC's local television stations but the company has not yet seen an advertising slowdown at a national level, its chief executive said.
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"It's had a profound effect on our local TV stations, which were highly dependent on auto and retail advertising," NBC Universal CEO Jeff Zucker told a conference of Britain's Royal Television Society in London on Friday.
"We haven't seen an advertising slowdown on a national level yet in the United States but obviously we're concerned about it, and I think if you're not concerned about it you're in denial," he added.
A report released this week by TNS (LSE:TNS.L - News) said advertising spending in the second quarter showed its biggest drop since the last U.S. recession in 2001, with steep drops in spending from the automotive, telecoms and retail sectors largely to blame.
