Fourth quarter PR revenues at Omnicom fell 7.7% to $339.9M amid an overall decline at the conglomerate for the period.
Overall revenue for the quarter fell 1% to $4.2B, while revenue for the full year slipped 1.2% to $15.1B.
PR for the full year saw a 2.3% decline to just under $1.4B. Omnicom's PR units include Ketchum, FleishmanHillard, Porter Novelli and Capstrat, among others. In a conference call, CFO and EVP Philip Angelastro pointed out that although specialty and PR disciplines were down organically for the quarter, both of them faced difficult comparatives to last year's Q4 performance when they each achieved organic growth in excess of 8%.
Net income inched up to $331.6M from $329.5M a year earlier.
Debt sits at $4.6B against $2.6B in cash.
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.
Have a comment? Send it to 
No comments have been submitted for this story yet.