| Category: Financial Management | Return to Latest News |
S4 Capital chalked up an “outstandingly successful” performance during its second full year of operation, according to founder Martin Sorrell, as like-for-like revenues jumped 15.2 percent to $475M.
WPP posted a $3.4B pretax loss in 2020 due to $3.7B in COVID-19 impairment charges compared to a $1.4B year-earlier profit. CEO Mark Read sees 2021 as a "year of solid recovery."
Stagwell Marketing Group reported a 67.5 percent surge in Q4 revenues to $313.1M, sparked by growth in its technology and digital businesses.
FTI Consulting’s PR revenues declined 8.8 percent to $60.5M during the fourth quarter, while operating income jumped 20 percent to $10.2M.
Interpublic cut global employment by 7.6 percent to 50,200 at year end 2020, according to its SEC filing. Omnicom chopped 8.4 percent of its staff.
LLYC reported an 8.3 percent dip in 2020 revenues to $53.3M largely due to the devaluation of currencies in Brazil, Mexico and Argentina triggered by the COVID-19 pandemic. Those results compare to a record-setting 2019 performance.
Interpublic today reported a 6.1 percent decline in Q4 net revenues to $2.3B and a 54.5 percent drop in operating profit to $223.4M due to the negative impact of the COVID-19 pandemic.
Joele Frank Wilkinson Brimmer Katcher and Sard Verbinnen topped the 2020 Mergermarket global rankings of PR firms handling M&A transactions.
Acceleration Partners has acquired Streamline Marketing, a Seattle-based performance marketing agency founded in 2013 by CEO Jon Claydon.
S4 Capital’s Martin Sorrell today announced the acquisitions of Decoded Advertising and Metric Theory, moves that add 350 staffers to the firm’s 3,400-member talent base.
Stagwell Group and MDC Partners have ironed out a definitive merger agreement to form what CEO Mark Penn calls a $2B “transformative” marketing services company.
The Securities and Exchange Commission has charged The Cheesecake Factory with issuing material misstatements in its March 23 and April 2 press releases regarding the impact of COVID-19 on its business.
WPP is retiring the Grey Global shop, which bills itself as “famously effective since 1917,” as CEO Mark Read continues the revamp of the ad/PR giant.
UK-based Huntsworth has acquired New Jersey’s Nucleus Global, a top medical specialist communications operation with more than 800 staffers in 14 offices throughout the world.
WPP chief Mark Read reports a 5.5 percent decline in Q3 like-for-like revenues to $3.9B as the firm battles the impact of the pandemic. The PR unit held on as WPP's best performer as revenues dipped 4.8 percent.
Omnicom CEO John Wren reports Q3 revenues dropped 11.5 percent to $3.2B due to the negative impact of the COVID-19 pandemic.
Can PR professionals deduct home office expenses from their taxes now that many agencies are working remotely due to COVID-19?
Interpublic Group CEO Michael Roth reported a 12.8 percent decline in Q3 revenues to $2.1B and an 11.3 percent drop in operating income to $248.6M. COO/executive VP Philippe Krakowsky will succeed Roth on Jan. 1.
Publicis Groupe reported a 9.2 percent decline in Q3 revenues to $2.7B and a 5.6 percent slip in organic growth. CEO Arthur Sadoun warns Q4 may come in below Q3 due to COVID-19 resurgence and return of national lockdowns.
Interpublic is selling Weber Shandwick’s Ireland operations to local management.
| More » |
