Advertising Leaders Say Britain's Exit From the EU Is Disappointing but Manageable

WPP's Martin Sorell: 'This is not good news, to say the least'

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CANNES, France—As the United Kingdom's decision to leave the European Union sent aftershocks through global markets today, the ad industry's top leaders were all in the same place to hear the news.

Like thousands of their colleagues, the heads of advertising's largest holding companies are all in Cannes this week for the Cannes Lions International Festival of Creativity. Two of the industry's most influential corporations quickly released statements about the "Brexit" decision, with the recurring theme being one of disappointment mixed with optimism after the polarizing decision by British voters.

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