Two stories but a few mails apart in one in-box... I gather the industry is good for the city but massive celebration ain't.
first off, from Creativity:
ON THE WEB
As part of Advertising Week, the Advertising Tax Coalition -- a collection of trade organizations -- has unveiled a study that projects the ad industry will bring $151 billion into New York City's economy this year. So next year we want two Advertising Weeks, or we'll just up and move the whole operation to Knoxville.
ADVERTISING WEEK CELEBRATION FACES FINANCIAL LOSS
Organizers Will Have to Cover $300,000 Shortfall
NEW YORK (AdAge.com) -- Advertising Week in New York City now expects to suffer a financial loss of about $300,000, according to the American Association of Advertising Agencies, which has to pick up the tab. See full story at
https://www.adage.com/news.cms?newsId=41586 -- Bradley Johnson.
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