That tortured squeal you've been hearing for the last two quarters is the sound of PR agencies – along with their other marketing brethren – being squeezed to cut fees or renegotiate terms by their clients. The exhale that is now audible is the sound of that process finally drawing to a close, at least for some. No one dares infer from this gradual stabilization that another round will never come, but it is a moment of at least temporary ...