Why Hearst Boss Thinks Cannes Is the Perfect Place to Do Business

Michael Clinton finds these very productive days

CANNES, France—Hearst Magazines president, marketing and publishing director Michael Clinton says there is no place like Cannes Lions for running into old media friends, advertising clients—and potential clients.

When asked if deals actually happen here on the Riviera, he pauses, smiles and gleefully reports "Yes!" (In other words, no details for Adweek, sadly.) We caught up with Clinton to talk about why he finds this a must-attend event (this is his fifth trip to the festival) and why he finds it a perfectly efficient place to conduct business.