First off: tu quoque. You're changing the argument, which I'll take to mean you've conceeded the point.

But since you ask, it's very much the same, and people have very much had a problem with that, which raises a second fault with your argument: false premise.

Noam Chomsky. Pretty much his life's work.

Jerry Mander, Four Arguments for the Elimination of Television. (NB: Mander is a former ad executive himself).

Hamilton Holt, a magazine publisher himself, wrote of the fundamental problem in 1909, Commercialism and Journalism. https://archive.org/details/commercialismjou00holtuoft

I.F. Stone spoke of the problem in 1974 on "Day at Night". The video is now on YouTube: https://m.youtube.com/watch?v=qV3gO3zxQ1g

Robert R. Murrow's "Lights and Wires in a Box" criticised generally the television industry, in the 1950s. http://www.rtdna.org/content/edward_r_murrow_s_1958_wires_li...

A couple of Stanford researchers in the 1990s recognised the corrosive effects of advertising on incentives in the provision of online services. The prior awareness didn't save them from faling into the same pit: http://infolab.stanford.edu/~backrub/google.html

Niel Postman. Technopoly and Amusing Ourselves to Death.

Vance Packard, The Hidden Persuaders

Naomi Oreskes and Eric Conway, Merchants of Doubt looks at influencing on a much broader basis.

Banksy's art is, in many regards, a direct refutation of advertising. The letter attributed to him on the topic is originally by someone else however. It remains exceedingly good reading: http://thefoxisblack.com/2012/02/29/banksy-on-advertising/

There's a large literature on the subject.

Generally, psychological aspects of advertising: http://www.worldcat.org/search?q=su%3AAdvertising+Psychologi...

Criticisms of advertising: http://www.worldcat.org/search?qt=worldcat_org_all&q=critici...

At Wikipedia: https://en.m.wikipedia.org/wiki/Criticism_of_advertising