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P&G CMO Goes Digital

Going forward, Marc Pritchard to rely less on broadcast ads.

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By: TOM BRANNA

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Forget broadcast networks. Think social networks. With Procter & Gamble committed to saving $10 billion by 2016 and cutting $1 billion from its marketing budget during that time, the company is determined to spend less on advertising. According to Marc Pritchard, chief marketing officer, P&G, those cuts will come by thinning the ranks of marketing executives and spending more efficiently, leaning more heavily on lower-cost digital marketing and easing up somewhat on pricey broad...

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