Despite a wave of goodwill and positive PR from its decision to stop selling cigarettes, CVS Caremark is now among the 10 least respected brands, according to an annual ranking by brand marketing firm TenetPartners.
WPP reported third quarter revenue at its PR and public affairs operations climbed 6.5% to top $351M while revenues overall at the marketing conglomerate rose 5.9% to $4.5B on the strength of North American operations.
Chime Communications, the UK-based marketing group being acquired by WPP and Providence Equity Partners, reported first half revenue fell nearly 5.7% to $289.7M as advertising and marketing services gains met restructuring charges and declines at its flagship sports and entertainment operation.
MDC Partners, which ousted its chief executive Miles Nadal last month, saw a 17.4% climb in revenue in its strategic marketing services (advertising and PR) operation for the second quarter to $270.1M.
*O'Dwyer's is the only PR firm ranking which requires the top page of the latest corporate income tax return and W-3, establishing particpants as PR firms rather than ad agencies or other types of businesses.