Advertising slumps hit Madison Avenue profits down
The AP reports 5 percent of New York area ad workers lost jobs as recession and inflation dampen spending. Agencies see billings fall about 5 percent with some firms like Foote, Cone & Belding and Grey Advertising reducing income. Executives note payroll and staff cuts, shifting campaigns toward value and practicality, with some leadership changes at major firms.
MENTIONED IN THIS ARTICLE
Jerry Buck
New York
Madison Avenue
New York Area
Midwest
Detroit
Jerry Della Femina
Edward H. Meyer
Grey Advertising Inc
Foote, Cone & Beldinz Advertising Inc
Grey
Aple
Genos
Eco
Man Wounded In Brownfield At Local Cafe
Brownfield resident Billy Ray Swoops was shot three times at a Railroad Avenue cafe. He was taken to Brownfield Hospital then to Methodist Hospital in Lubbock in guarded condition. Police seek a suspect in the daytime shooting. It notes Swoops had recently returned after a five month absence.
MENTIONED IN THIS ARTICLE
Brownfield
Billy Ray Swoops
Railroad Avenue
Brownfield Hospital
Lubbock
Methodist Hospital
Swoops
POW Broadcast From Vietnam Veteran Ends Three-Year Silence
An American prisoner of war held by North Vietnam was allowed to broadcast a message to his family after more than three years. Maj Huey, who had served three tours in Vietnam, spoke to his wife and son Kent, urging them to stay strong, do well in school, and remember they are “partners.” The transmission included a promise to reunite once home and reassurances of his love and concern.
MENTIONED IN THIS ARTICLE
Madison Ave
General Motors
J. ‘Walter ‘Thompson
United States
Dan Seymour
Frank G.colway
Wells, Rich, Greene, Inc
Mark’ Streeck
Young & Rubicam
Della Femina
Stephen O. Frankfort
Edward N. Ney
Alka-Seltzer
Doyle Dane Bernbach
Wells, Rich, Greene
Jnovate
Meyer
Délla
Fémina
Los Angeles
UPI
Kent
Toe Ie
Huey
Vietnam
California
Air Force
Tang
Polish Events Upset Soviet Bloc
UPI reports Warsaw Pact governments worry over Poland's political shifts and possible repercussions. Diplomatic sources say regimes fear detours from Moscow's influence and expect Poland's new rulers to remain central in national life despite external pressure.
MENTIONED IN THIS ARTICLE
London
UPI
Warsaw Pact
Warsaw
Poland
Czechoslovakia
Soviet Union
Moscow
Czechoislov
Russia
Ets
East Germany
Kremlin
Gén
Mieczyslav Moczar
The
Politbureau
Poland crisis prompts Nixon caution on new Congress
Washington sources say President Nixon may convene the new Congress on January 3 if vital measures fail to pass. Officials cite Poland’s upheaval and Moscow’s stance as shaping U S policy while the White House weighs delaying opening to January 21 and continued budget briefings.
MENTIONED IN THIS ARTICLE
Washington
UPI
White House
Nixon
Congress
Ronald L. Ziegler
Senate
Ziegler
Also Mentioned on This Page
Abby
Robert G. Smead
Midland
Montreal
Holden - Dodson Nursery
Ann
Penneys
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