Financial Times FT.com

Internet groups are braced for subprime fallout

By Richard Waters in San Francisco

Published: August 28 2007 03:00 | Last updated: August 28 2007 03:00

Internet companies are bracing for a possible fall-off in one of their biggest sources of advertising following the meltdown in the subprime mortgage market.

Besides mortgage advertising specifically directed at less credit-worthy borrowers, the ripples from the financial upheaval could extend to other forms of credit as well as the credit scoring agencies that are also big advertisers online, analysts warned.

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