More Optimism for Big Media and Big Ad Budgets

Things looked positively awful a year ago in medialand. So when prognosticators say things are improving, it’s important to remember that it’s all relative. Still, if you’re among those who, say, make their living working for an ad-supported media outlet, it sure is nice to see this sort of thing: Barclays analyst Anthony DiClemente jacking up his 2010 U.S. ad market estimates from no growth to a 3.5 percent bump.

Was It All a Bad Dream? Ad Business Optimism at 2007 Levels.

Your semidaily dose of advertiser pulse-taking: People who plan to spend money on ads seem more chipper than they have been in two years.
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Intel CEO: The Future's So Bright, I Gotta Squint Just Slightly

“The worst is now behind us.” Intel CEO Paul Otellini made that brave statement back in April. And not a month later, it’s proving true. Commenting on Intel’s business during an event for financial analysts Tuesday, Otellini said, “Looking at order patterns, billings patterns, it’s a little better than expected.“
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Intel CEO: The Future’s So Bright, I Gotta Squint Just Slightly

“The worst is now behind us.” Intel CEO Paul Otellini made that brave statement back in April. And not a month later, it’s proving true. Commenting on Intel’s business during an event for financial analysts Tuesday, Otellini said, “Looking at order patterns, billings patterns, it’s a little better than expected.“
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Non-News From Microsoft: More Layoffs–If the Economy Tanks Again

File this one under “hard to say it’s news”: Microsoft CEO Steve Ballmer says the company would consider more layoffs–if the economy falls off another cliff. Gotta credit him with consistency: He said the exact same thing a week ago.
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Media Execs Get a Little Less Grouchy: Are Ads Creeping Back?

Newsflash: More data confirm that ad spending was really bad last year. But ad execs–at least those in certain industries–say things may be bottoming out this spring.
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Ad Giant Omnicom: Stimulus Spending Could Boost Media by End of the Year

Ad giant Omnicom reported that its revenue dropped 14 percent and profits declined by 21 percent in the last quarter, but investors are bidding up the stock in a down market. That’s presumably because the profit slump isn’t as bad as Wall Street expected. But maybe investors are buying some of the optimism CEO John Wren doled out–sparingly–during the company’s earnings call: He thinks stimulus spending could lead to more advertising spending by the end of the year.
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Irrational Exuberance?

They say “flat is the new up” and that certainly seems to be the case with the venture capital industry. Though we’ve had two consecutive quarters without an IPO and the venture market is all but frozen, VC optimism is beginning to return. The latest Silicon Valley Venture Capitalist Confidence Index shows a small but noteworthy uptick in the VC community’s views of the entrepreneurial environment in the San Francisco Bay Area.
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