| Category: Financial Management | Return to Latest News |
WPP broke into the growth column during Q3 as like-for-like revenues inched ahead 0.7 percent as CEO Mark Read works to achieve "sustainable growth" comparable to Interpublic and Omnicom by 2021.
Platinum Equity, which has $19B in assets under management, is acquiring Cision for $2.7B in cash. Cision lost $7.7M on $190.4M second-quarter revenues.
Interpublic CEO Michael Roth today reported a 6.1 percent rise in Q3 revenue to $2.4B and a 2.9 percent jump in net income to $165.6M. (Updated)
The Financial Accounting Standards Board has introduced recent changes to Revenue Recognition Standards that may affect privately-owned PR firms. Additionally, the Tax Cuts and Jobs Act offers new benefits to 529 plans, which provides useful higher education savings.
Omnicom CEO John Wren reported today a 5.3 percent drop to $337.2M in Q3 PR revenues, and a 3.8 percent dip organically.
Publicis Groupe's Q3 organic revenues dropped 2.7 percent as the French ad/PR combine turned in a worse than anticipated performance. CEO Arthur Sadoun says his firm is taking some hits now for a stronger future.
Ruder Finn has acquired SPI Group, the Jersey-based shop that ranked No. 17 in O’Dwyer’s 2018 healthcare rankings with fees of $5M.
A breakdown of current federal tax rules regarding reimbursement for business travel expenses.
Finn Partners has acquired Lazar Partners, a 22-member high-science firm that serves clients in the digital, technology, media devices and pharma categories.
Broadhead, which bills itself as the No. 1 independent marketing agency in Minnesota, has acquired Kohnstamm Communications, which reported $2.3M in 2018 fees to O’Dwyer’s rankings.
China's Blue Focus Intelligent Communications Group is merging its international units into Legacy Acquisition Corp., a Big Board-listed $300M special purpose acquisition company. (1 reader comment)
It's no secret that many PR people suffer from arithmophobia—a fear of numbers. We tend to be word people. But there's no escaping the fact that financial literacy is a core requirement in our line of work, especially when dealing with corporate clients.
WPP recorded a 2.6 percent dip to $273M in like-for-like revenues for its Hill+Knowlton, BCW and Finsbury-led PR unit during the second quarter.
Huntsworth CEO Paul Taaffe says the Grayling, Citigate Dewe Rogerson and Red communications division has reported Like-For-Like revenue growth "for the first time in a number of years."
Interpublic Group today reported a 5.4 percent rise in Q2 revenues to $2.5B and a 6.0 percent jump in operating income to $264.2M.
Publicis Groupe CEO Arthur Sadoun reports a 1.6 percent rise in Q2 growth to $2.4B, a performance that was hampered by lackluster results on the US advertising front as clients slash fees.
Omnicom CEO John Wren reported today that Q2 PR revenues slipped 3.7 percent to $349.3M and 3.6 percent to $683.4M for the first-half.
WPP Group has sold a 60 percent stake in its Kantar research unit to Bain Capital for $4B as part of CEO Mark Read's plan to simplify the structure of the ad/PR giant.
Several ways to ensure your agency continues to grow.
WPP 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, 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.
Laura Anderson, who was VP/global communications at Intel, has moved to private equity firm Silver Lake Partners as managing director and head of communications.
Finsbury 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.
| More » |
