OMNICOM’S NET INCHES AHEAD
Omnicom reported April 17 that Q1 net inched ahead 1.3 percent to $204.6M as revenues increased five percent to $3.3B.
Leading Gainers Among Top Independent PR Firms
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CEO John Wren told investors “2012 is off to a very good start” as “revenues exceeded our internal forecast.”
The Fleishman-Hillard,
Ketchum, Porter Novelli and
Marina Maher PR group registered
6.5 percent growth to $306.9M dur
ing the quarter.
In his presentation, Wren noted “our PR businesses showed
improvement for the first time in
several quarters.”
In the “improving but fragile
economy,” OMC is focused on
costs it can control and continues to build its digital infrastructure.
OMC’s 4.4 percent U.S. organic growth rate was spurred by strong results in brand advertising, media, sports and event marketing offset by a decline in the specialty healthcare business.
The advertising and PR conglomerate spent $33.1M for acquisitions in Q1 for Medical Collective Intelligence (Japanese market researcher), Channel 5 Communications (Australian retail marketing agency) and a controlling stake in Moscow-based Fleishman-Hillard Vanguard.
EX-WEINER AIDE TO DKC
Marie Ternes, chief of staff for former Congressman Anthony Weiner and political director of his 2005 campaign for New York City mayor, has joined DKC as executive VP in its government affairs division.
She had been running O.T. Solutions, a public policy shop focused on telecommunications, energy and civil rights.
Sean Cassidy, DKC president, said in a statement that Ternes “understands government, public policy and the media, three areas that are at the heart of what we do as a firm.”
Ternes reports to Allison Lee, head of DKC Government Affairs. Lee joined DKC in 2009 and was an original partner of the influential Patricia Lynch Assocs. shop.
Earlier, Lee served as New York and New Jersey representative for former U.S. Dept. of Housing and Urban Development Secretary Andrew Cuomo, who is now governor of the Empire State. |
