On February 10, 2010
When Is -4.4% Sales Growth a “Recovery”? When You’re in Advertising
If you look at Omnicom (OMC)’s and Havas (HAV.PA)’s Q4 2009 earnings results today, you could be forgiven for thinking that the advertising business is about to re-emerge from the recession. Words like “recovery” and “optimism” are being thrown about.
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