Interpublic today reported a $58.5M Q1 loss, up from $45.7M a year ago, and a 2.4 percent rise in revenues to $1.5B.
Revenues in its McCann-led advertising agency network, which generated 82 percent of overall $1 revenues, dipped 0.2 percent.
CEO Michael Roth expects to hit overall 2013 financial goals due to "significant assignments coming on stream in the coming months and our proven ability to closely manage costs."
IPG's constituency management group, which includes Weber Shandwick, GolinHarris, DeVries, Cassidy, Jack Morton, Octagon and FutureBrand, sparkled during the quarter as revenues advanced 14.8 percent to $302M.
WS CEO Andy Polansky said his unit was up 5.3 percent, pacing the four percent growth of overall PR revenues.
He said WS had strong growth at its New York digital and social media hub, as well as its offices in Texas, St. Louis, Canada, Brazil and Asia.
IPG ended Q1 with $1.7B in cash/cash equivalents and $2.2B in total debt.
Abandon traditional content plans focused on a linear buyer progression and instead embrace a consumer journey where no matter which direction they travel, they get what they need, stressed marketing pro Ashley Faus during O'Dwyer's webinar Apr. 2.
Freelance marketers and the companies that hire them are both satisfied with the current work arrangements they have and anticipate the volume of freelance opportunities to increase in the future, according to new data on the growing freelance marketing economy.
Home Depot's new attempt to occupy two market positions at once will require careful positioning strategy and execution to make it work.
Verizon snags Peloton Interactive chief marketing officer Leslie Berland as its new CMO, effective Jan. 9. Berland succeeds Diego Scotti, who left Verizon earlier this year. 
Norm de Greve, who has been CMO at CVS Health since 2015, is taking the top marketing job at General Motors, effective July 31.
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