HONG KONG: Newspaper publishers in Singapore and here are feeling the heat from the deadly Severe Acute Respiratory Syndrome (SARS) virus as companies pull back from advertising to consumers who are staying away from shopping centres.
A profit warning from South China Morning Post publisher SCMP Group Ltd yesterday after its ad sales plunged 30% in the last month underscored the havoc that SARS has wreaked on the print advertising market in parts of Asia.
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