Summary

While both advertising and circulation revenue is growing, the ratio between the two is shifting

Central/south America

Advertising expenditures in South America* make up 7.1% of global adspending in 2012, which accounts for a total of US$33,317 million. After double digit growth in 2010 and 2011, the 7.6% increase in 2012 was almost disappointing in South America....

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