"זאת חבְרה חדשה בעולם הפרסום."
Translation:It is a new company in the advertising world.
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Well, it is the construct chain עוֹלַם־הַפִּרְסוּם the world of advertising, not a freestanding הָעוֹלָם the world. You only put the article once before the second element. At least in more bookish expressions. Colloquially in worn down costruct chains you often hear e.g. הַבֵּית־סֵ֫פֶר instead of בֵּית־הַסֵּ֫פֶר the school.