Newsmax analyst John Tabacco has sharply criticized the Federal Trade Commission’s (FTC) approval of a $13.25 billion merger between advertising giants Omnicom Group and Interpublic Group, saying the decision “stinks at all levels.”
The merger, approved in June, creates what is now considered the world’s largest advertising agency with control over roughly $240 billion in U.S. ad spending.
Newsmax Media, Inc. on Monday formally filed comments with the FTC opposing the deal, joining other conservative groups that say it threatens free speech and will deepen alleged censorship of right-leaning media.
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