Ad Execs Feel Besieged by Google & Co.

Advertisers are spooked at net giants like Google and Microsoft throwing their weight around in the world of online advertising, the New York Times reports. With its ad deal with Yahoo drawing fire at conference in Cannes, Google “clearly wants to replace the advertising industry in its totality," says the former CEO of a big New York agency.

Google tried to downplay fears. “The best results are when we work together with agencies. The overall trend is that we work better and better with them,” one rep said. Meanwhile, the giant's "don't be evil" credo has another advertising staffer hoping for the best: "That mission is the right one, because they could become evil so quickly." (More Google stories.)