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Havas Chief Sees No Clear Signs of Ad Market Recovery

Published on September 29, 2009

Havas’s chief executive Fernando Rodes Vila told reporters after a press conference that he has not yet seen clear signs of an advertising market recovery. He expects the global ad market to slip between 7% and 11% this year.

In July, Magna predicted that the U.S. ad economy would falter 14.5% this year.

Rodes Vila’s comments echo those made recently by WPP chief Martin Sorrell, who said...
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