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Does Recession Spell the End of Advertecture?

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Blogger EV Grieve notices something afoot high up on the walls of the East Village: Hey, where have all the ads gone? Grieve writes:

Easy enough, I suppose, to chalk this up to the recession and downturn in advertising, etc. Could also be the time of year. How many more quality films like My Bloody Valentine 3D can there be to promote? Or maybe there's something else...perhaps the East Village is no longer a hot demographic area that advertisers want to target.Let's not get crazy! Anyway, we'll believe advertecture is on its last legs when Keith McNally is standing triumphant over the smoky wreckage of the Meatboard.
· Where are all the ads? [EV Grieve]