The collapse of the US motor industry is rattling media companies as they brace for further pull-backs from their biggest advertising patrons.
Reeling from high fuel prices and a slowing economy, vehicle makers could reduce their advertising spending by as much as $3bn this year, according to Sanford Bernstein & Co. Overall, Bernstein is predicting that car company spending will total about $15bn, down from the record $24bn in 2004, and equivalent to 1999 levels.




