Sydney.
The last afternoon at the Australasian Media & Broadcasting Congress begins with a panel session on the future of advertising. Paddy Douneen, National Advertising Director for Fairfax Integrated Solutions, is opening the debate by highlighting the difficulties established media companies are having in shifting advertising from traditional to online spaces, especially given the uncertainties of the current economic climate. He says that advertising in some traditional media is still very strong, especially now that car manufacturers and department stores have increasing backlogs of stock to clear because consumer demand is slowing.