The depressed economy in 2009 led advertisers to hold out for lower rates from networks, depressing CPMs in the up-front season.

Name: The depressed economy in 2009 led advertisers to hold out for lower rates from networks, depressing CPMs in the up-front season.
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Question

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The statement correctly describes how the depressed economy in 2009 affected the advertising industry and led to lower rates from networks, which then affected CPMs during the up-front season.

The Depressed Economy in 2009 Led Advertisers to Hold Out