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PUBLISHED: 20 Feb 2012 00:04:23 | UPDATED: 20 Feb 2012 07:25:28PUBLISHED: 20 Feb 2012 PRINT EDITION: 20 Feb 2012
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The impact of the loss of part of the Telstra advertising account by Belgiovane Williams Mackay (BWM) was on full display when the latter’s parent company, Photon Group, released its December 2011 half results.

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