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Procter & Gamble Wants To Take More Time To Pay Its Ad Agencies [THE BRIEF]

May 6, 2013, 18:09 IST

Old Spice/YouTubeGood morning, AdLand. Here's what you need to know today:

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Ad Age reports that P&G is going to take more time than usual to pay agencies. The massive advertiser is allegedly going to increase its agency payment schedule from 45 to 75 days. Payment periods have become stretched further and further across the board. According to AdAge, Johnson & Johnson pays shops 45 days after the end of the month it gets the bill (meaning the maximum would be 75 days), and Anheuser-Busch InBev can take up to 120 days.

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Previously on Business Insider Advertising:

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