Publicis doesn't see significant Q4 ad market improvement
PARIS Dec 3 (Reuters) - Publicis Chief Executive Maurice Levy does not expect a significant improvement in the French advertising market in the fourth quarter, he said at a conference on Tuesday.
"We sense that the market is weak, a little depressed," he said, adding that the situation was not much better in Europe.
"Everything south of Belgium is going badly," the CEO said, citing double-digit percentage decreases in ad spending in Italy and Spain.
Levy added that he hoped the European Union would give the green light for Publicis' $35.1 billion merger with U.S. advertising company Omnicom Group in early January.
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