MediaCom expects growth to slow down

MediaCom one of the top ten players on the market of media agencies estimates the business growth to slow down to 20% this year, compared with 2007 when it went up 34.5%, to 33 million euros. "I am rather pessimistic about growth, it depends on what will happen in the second half of the year, but if I'd be happy to get 20% growth. There were some client changes, we lost some, gained some, and I don't think the market will develop this year as it did over the last three years," stated Carmen Lixandru, managing director of MediaCom. Carmen Lixandru took over as managing director of MediaCom in January 2007, after having run the operations of Media Direct for five years.