real-time news and commentary for investors
Thursday, Oct 11
2012, 10:25 AM
Barclays Capital analyst Anthony DiClemente cuts his estimate for U.S. advertising growth due to...
Barclays Capital analyst Anthony DiClemente cuts his estimate for U.S. advertising growth due to a "choppy" economy to 4% for 2012 and 1.9% for 2013 from 4.6% and 2.3%, respectively. TV advertising felt a negative effect from the Olympics, but is due for a bounce with political ads ramping up through the November elections. His big picture view of the media sector is still positive on decent growth expectations as he backs News Corp. (NWS, NWS) as his top pick.