This is the speech (in French) by Maurice Levy, CEO of Publicis Groupe at a conference organized by the French Association of Magazine Publishers April 6, 2009. A quite insightful talk.
discours-maurice-levy-appm-6-avril-2009 (texte en Français)
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[...] sommes qu’au début. Le CPM y est très bas, les inventaires sont gigantesques, mais, comme le dit Maurice, sur le digital, nous n’avons encore rien vu. Ledit Maurice vient d’acquérir [...]