The Week: Advertising news - Bankruptcies close to 300

PricewaterhouseCoopers reported that a total of 292 businesses in the advertising and broadcasting sectors went out of business in the year to the end of June, an increase of 47 per cent.

PwC found that in the year to 30 June, 211 companies in the advertising sector were declared bankrupt, a 50 per cent increase over the year to the end of June 2008. The broadcasting sector saw an increase of 40 per cent year on year with 81 insolvencies in the year to the end of June.