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The Messina Group, which is headed by Barack Obama's former campaign manager, has announced the acquisition of Segal Communications, the consumer technology and lifestyle PR shop serving clients in the San Francisco Bay area.
WPP chief Mark Read reported a 16.1 percent gain to $8.5B in H1 revenues (like-for-like) and a $672.7M operating profit, compared to a $3.8B year-ago loss. (Updated)
FTI Consulting reported that its PR operation grew 19.2 percent to $67.8M during the second quarter.
Finn Partners has acquired Agency Ten22, the Atlanta-based PR, social media, content management and digital marketing firm that serves the healthcare IT industry.
Stagwell CEO Mark Penn denies Indaba Capital Management's charge that he is dodging the hedge fund that objects to the terms of Stagwell's merger with MDC Partners.
Falfurrias Capital Partners has acquired a majority stake in Hamilton Place Strategies, the DC lobbying firm launched by former George W. Bush administration veterans Tony Fratto and Stuart Siciliano.
Finn Partners has bought back the investment stake that it sold to Mark Penn’s Stagwell Group, and the two companies have amicably separated.
Stagwell Group reported a 1.8 percent dip in Q1 revenues to $181.2M and a 63.2 percent decline in net income to $4.6M due to a tough comparison to a political year and the continued impact of COVID-19 on operations.
Interpublic today reported Q1 net revenues rose 2.8 percent to $2B and net income hit $91.7M compared to a year ago $4.7M profit. (Updated)
Gregory FCA acquires Affect, a B2B-focused firm serving technology, healthcare and professional services clients.
MBO & Co, a French private equity firm, has sold its 30 percent stake in LLYC to the firm’s partners.
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.
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