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View Diary: Jane Hamsher's Advertising Arm Files For Bankruptcy (51 comments)

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  •  Ad agencies have been going bankrupt forever (7+ / 0-)

    because of unpaid bills by their clients. Typically, many ad agencies make their real money buying ad space (as opposed to creating the advertising itself) in print or broadcast media in advance and then billing their clients, of course with as large a markup as they can get. In other words, they're bankrolling their clients' advertising, and that can be an extremely expensive proposition if your clients then stiff you. I'll bet that's what happened here—too many of Jane's ad clients didn't pay their bills to her, which means that Jane couldn't pay the media outlets where the ads were running.

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