Publicis CEO Levy: Advertising Recovery Starts Next Month

imagePublicis Groupe chairman and CEO Maurice Levy is expecting Q209 to be the worst part of a bad year for his company but he predicts the ad market will reach a bottom in July and see recovery after that. Levy told his company’s annual shareholders’ meeting in Paris on Tuesday (via Reuters.com) that “2009 will not be a great year, a great vintage, but we have undisputable assets.” It’s an injection of optimism from the straight-talking Levy, who in December predicted the recession would halt any ad market improvement until at least the start of 2010.

Publicis’s Q1 revenues were 4.4 percent down at

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