October 31, 2008 at 15:48 PM EDT
A Spot Of Trouble At Spot Runner
There is no escape from the advertising recession. Not even for hotshot TV advertising startup Spot Runner. Despite having raised more than $111 million, half of that as recently as last May , the LA-based company may be in for a major round of layoffs next week following the election (and the associated last-minute media blitz). As many as 25 percent of its more than 300 employees may find themselves without a job come next Thursday. While the exact number has not yet been determined, I have been able to confirm that the company is currently going through a cost-reduction planning process and is looking at all options in light of the deteriorating advertising environment.
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