The Inside News of PR & Marketing Communications

Last Updated: Tue., Jun. 18, 2019 @ 5:30 pm

Category: Financial ManagementReturn to Latest News

WPP Sells The Farm

Tue, Jun. 18, 2019

By Kevin McCauley

Mark ReadWPP chief Mark Read is ironing out a deal to sell The Farm, film/TV post-production unit, to US-based Picture Shop, according to the Times of London.

New Mountain Capital Invests in W20 Group

Thu, May 30, 2019

By Kevin McCauley

New Mountain Capital, New York private equity firm with $20B assets, is investing in W2O Group as CEO Jim Weiss plots the next phase of growth for the San Francisco-based healthcare PR firm.

WPP May Unload Finsbury

Tue, May 14, 2019

By Kevin McCauley

Roland RuddFinsbury founder Roland Rudd approaches WPP about buying back the financial PR/PA powerhouse firm that he sold to the now revamping ad/PR combine in 2001.

MDC Shaves Q1 Loss

Tue, May 7, 2019

By Kevin McCauley

Mark PennMDC Partners shaved its first-quarter loss to $2.5M from $31.3M a year due to its cost-cutting measures of staff, real estate and corporate expenses put into place during 2018.

Interpublic Enjoys 13% Rise in Revenues

Fri, Apr. 26, 2019

By Kevin McCauley

Michael RothInterpublic today said Q1 revenues jumped 13 percent to $2B, sparked partly by the acquisition of Acxiom's data business.

WPP Suffers 2.8% Drop in Revenues

Fri, Apr. 26, 2019

By Kevin McCauley

Mark ReadWPP today reported a 2.8 percent drop in like-for-like Q1 revenues due to an 8.5 percent crash in the North America region, its biggest market, due to client losses in the automotive, pharmaceutical and fast-moving consumer goods sectors.

FTI Consulting's PR Unit Jumps 9.3%

Thu, Apr. 25, 2019

By Kevin McCauley

Steven GunbyFTI Consulting today reported a 9.3 percent Q1 revenues jump to $57.7M for its strategic communications group due to solid results in North America and the EMEA regions.

SutherlandGold Acquires Astro Media

Tue, Apr. 23, 2019

By Kevin McCauley

Leslie GoldSan Francisco's SutherlandGold Group has acquired Astro Media to enhance its creative storytelling offering with data, measurement and audience-driven content capabilities.

Publicis Acquires Epsilon for $4.4B

Mon, Apr. 15, 2019

By Kevin McCauley

Arthur SadounPublicis Groupe is acquiring Alliance Data's Epsilon unit for $4.4B in bid to become "a leader in the data-led, digital-first world."

MMGY Acquires Digital Spring

Thu, Apr. 11, 2019

By Steve Barnes

digital springMMGY Global has acquired Digital Spring, a London-based content, media and creative solutions agency for travel and tourism brands.

Accenture Acquires Droga5

Wed, Apr. 3, 2019

By Kevin McCauley

David DrogaConsulting giant Accenture is buying creative advertising powerhouse Droga5 in a deal that will reshape the marketing communications landscape. Transaction is part of Accenture's push "to improve full human experience with brands."

Next 15's PR Group Slips 1.1%

Tue, Apr. 2, 2019

By Kevin McCauley

Richard EyreNext Fifteen Communications Group reported a 1.1 percent dip in PR revenues to $173.2.M for the 12-month period ended Jan. 31, a year of restructuring that featured the merger of tech firms Text100 and Bite to form Archetype.

Marx Group Merges with Eisbrenner PR

Fri, Mar. 29, 2019

By Kevin McCauley

Marx EisbrennerMarx Group (marketing communications) has merged with Eisbrenner PR to form Marx Buscemi Eisbrenner Group to bolster its strong position in the Midwest automotive, trucking, technology and consumer products sectors.

WPP Gets Bidders for Kantar

Tue, Mar. 19, 2019

By Kevin McCauley

KantarBlackstone Group and Advent buyout funds are in the hunt to buy a majority stake in Kantar, WPP's big data analytics firm, A transaction would value Kantar in the $5B range.

Sorrell Retains WPP Bonus

Mon, Mar. 18, 2019

By Kevin McCauley

Martin SorrellWPP has decided not to contest the $2.8M payment that former CEO Martin Sorrell is entitled to under the company’s long-term incentive plan.

Mark Penn Takes Command of MDC

Fri, Mar. 15, 2019

By Kevin McCauley

Mark PennMark Penn has assumed the helm of MDC Partners as his Stagwell Group agrees to pump a $100M equity infusion into the financially strapped ad/PR company.

Stagwell's Penn Eyes MDC

Fri, Mar. 8, 2019

By Kevin McCauley

Mark PennStagwell Group chief Mark Penn is negotiating to assume the helm of MDC Partners and take an investment stake in the troubled ad/PR firm.

Huntsworth's PR Unit Revenues Slip 5%

Tue, Mar. 5, 2019

By Kevin McCauley

Paul TaaffeHuntsworth's PR revenues dipped five percent in 2018 to $95M and profits plummeted 14.2 percent to $7.8M following a reorganization charge. CEO Paul Taaffe says health-focused Huntsworth remains committed to PR unit.

Bell Pottinger's Henderson On the Hook

Wed, Feb. 27, 2019

By Kevin McCauley

James HendersonFormer Bell Pottinger chief James Henderson told to repay $525K in profits that were wrongly taken from the firm that collapsed following its racist campaign in South Africa. (1 reader comment)

AICPA Crowns King

Tue, Feb. 19, 2019

By Kevin McCauley

AICPAThe American Institute of CPAs has hired FleishmanHillard alum Kathy King as senior director of PA, advocacy and media.