AD GROWTH WILL SLOW DUE TO RUSSIA-UKRAINE WAR—MAGNA FORECAST

By Adrianne Pasquarelli, Published by Ad Age   The IPG firm lowered its 2022 forecast amid economic uncertainty   U.S. ad spending will experience lower-than-anticipated gains this year as a result of Russia’s continuing war with Ukraine, according to a new forecast.   MAGNA reports that media owners’ advertising revenues will grow by 11.5% this …

HOW IPG MEDIABRANDS IS LOOKING TO EXPAND ITS INVESTMENT IN DIVERSE-OWNED MEDIA IN THE UPFRONTS

By Jade Yan, Published by AdAge   IPG Mediabrands’ clients spending with Black-owned media properties nearly tripled since the company held its first equity upfront last year, it announced today.   The agency plans to host its second equity upfront in April to bring attention to Black-owned and other BIPOC media companies. Last year, the agency announced its …

NEW INNOVATION MEASUREMENT INDEX SHOWS WHICH SECTORS ARE BOOMING—AND WHICH ARE STAGNANT

By Ethan Jakob Craft, Published in Ad Age.   The brainchild of IPG Media Lab and Magna, the new Innovation Velocity Gauge shows ‘territories’ like blockchain and cross-screen measurement in the lead   The concept of “innovation” can seem difficult to measure, leading IPG Media Lab and Magna to create the so-called “Innovation Velocity Gauge” …