The Inside News of PR & Marketing Communications

Last Updated: Fri., Jun. 22, 2018 @ 2:35 pm

Category: Financial ManagementReturn to Latest News

WPP Takes $400M Hit

Tue, May 22, 2018

By Kevin McCauley

HSBCHSBC has shifted its $400M global media account to Omnicom's PHD from WPP's Mindshare unit following a competitive review.

Independent or Employed?

Tue, May 22, 2018

By Richard Goldstein

Richard GoldsteinWith the rise of independent contractors in the new, shared economy, distinctions between employees and contractors are increasingly blurred these days, especially at PR firms.

MDC's Q1 Loss Widens

Fri, May 11, 2018

By Kevin McCauley

Scot KaufmanMDC Partners' chief Scott Kauffman reported a $31.4M first-quarter loss, up from $11.1M a year ago as clients trim spending.

WPP Posts 4% Dip in Q1 Revenues

Mon, Apr. 30, 2018

By Kevin McCauley

WPPWPP’s reported first-quarter revenues slipped four percent to $4.9B, though like-to-like sales inched upward 0.8 percent. (2 reader comments)

FTIís PR Unit Surges 21%

Thu, Apr. 26, 2018

By Kevin McCauley

Steven GundyFTI Consulting’s strategic communications group reports a 20.7 percent jump in first-quarter revenues to $52.8M, driven by gains in retainer and project-based business.

Investing in Real Estate

Tue, Apr. 24, 2018

By Richard Goldstein

Richard GoldsteinSome PR pros are investing in real estate, but many don’t understand the tax rules that go along with the investment.

Publicis Reports 8.2 Drop in Q1 Revenues

Thu, Apr. 19, 2018

By Kevin McCauley

Arthur SadounPublicis Groupe today reported an 8.2 percent slide in net revenues to $2.6B due to unfavorable currency exchange rates. At constant rates, Publicis revenues advanced 1.6 percent. (1 reader comment)

Omnicom's PR Unit Posts 3.3% Q1 Gain

Tue, Apr. 17, 2018

By Kevin McCauley

John WrenOmnicom's PR group posted a 3.3 percent rise in first-quarter revenues to $346M, accounting for 9.6 percent of the ad/PR conglom's $3.6B revenues.

Shares of Post-Sorrell WPP Dive

Mon, Apr. 16, 2018

By Kevin McCauley

Martin SorrellWPP shares plummeted seven percent in London today, the first trading day following the bombshell exit of CEO Martin Sorrell

Omnicom's Wren Takes Pay Cut, Consolidates Power

Fri, Apr. 13, 2018

By Kevin McCauley

John WrenOmnicom Group trimmed president/CEO John Wren's total 2017 compensation package 7.8 percent to $24M. He will add chairman title at May 22 annual meeting.

IPG's Top Management Takes Pay Cuts

Wed, Apr. 11, 2018

By Kevin McCauley

Michael RothInterpublic CEO Michael Roth took a 6.1 percent cut to $16,883,818 in total compensation for 2017, according to the ad/PR conglomerate's proxy. Earns 264 times more than IPG's median comp. (2 reader comments)

Tulchan Group Helps Unilever Move to Rotterdam

Thu, Mar. 15, 2018

By Kevin McCauley

UnileverUK's Tulchan Group is part of Unilever’s media team handling today’s announcement that the consumer products giant is consolidating its headquarters in Rotterdam.

WPP Women Earn 15% Less than Men

Fri, Mar. 2, 2018

By Steve Barnes

Karen BlackettWomen working at WPP's UK firms earn less than their male counterparts, according to a report released by the the PR/ad conglomerate. Hill+Knowlton Strategies is outlier to gender pay gap.

WPPís PR/PA Revenues Slipped in Second-Half `17

Thu, Mar. 1, 2018

By Kevin McCauley

Martin SorrellWPP today reported today that PR/PA revenues dipped during the second-half of 2017 but rose 1.7 percent for the full-year to the $1.6B mark. (1 reader comment)

 

Next 15 Gets Boost in Organic Growth

Mon, Feb. 19, 2018

By Kevin McCauley

Richard EyreUK-based Next 15 Communications Group today announced that organic growth improved to the "single high digits" mark during the second-half of its fiscal year ended January 31.

Omnicomís Q4 Net Slides 27.4%

Thu, Feb. 15, 2018

By Kevin McCauley

Omnicom Public Relations GroupOmnicom Group today reported a 27.4 percent drop in Q4 net income to $254.4M, following a $106.3M charge for enactment of the “Tax Cuts and Jobs Act.”

IPG Reports 3.4% Q4 Growth

Wed, Feb. 14, 2018

By Kevin McCauley

Michael RothInterpublic today reported 3.4 percent growth in Q4 revenues to $2.3B and flat net income of $317M. PR revenues are 'slightly down' from single-digit growth rate.

Publicisí Q4 Revenues Slip 3.1%

Thu, Feb. 8, 2018

By Kevin McCauley

Arthur SadounPublicis Groupe reported a 3.1 percent decline in Q4 growth to $3.2M, which the French ad/PR combine blames on negative exchange rates.

Nasdaq Unloads PR Biz to West Corp.

Mon, Jan. 29, 2018

By Kevin McCauley

NasdaqNasdaq today announced the $335M sale of its PR business to Omaha-based West Corp., provider of voice/data services communications.