Looking back at the growing strains on the traditional ad business over the last year, Publicis Groupe CEO Maurice Lévy expresses his continued enthusiasm to the NYT that the rise of digital media will save the industry. Lévy, who spends most of the article professing his ardor for Barack Obama, says that despite the global economic downturn, online growth will remain solid. As he has maintained since last year, by 2010, Lévy expects 15 percent of global ad spend will be tied to the web. He has also previously said that 25 percent of Publicis’ revenues would be related to the internet by next year, but the NYT interview didn’t include an update on whether or not Lévy still holds that view.
— Risks to betting on internet ad spend: To be sure, banking on the growth of online as traditional ad spend was cutting back was a fairly safe one when Lévy first made it in May 2007, a Morgan Stanley report on Publicis says that the company might want to rethink its past bets internet gains.