Seven Letter, O'Neill Merge Stratcomm Units
Wed, Jul. 8, 2020
By Kevin McCauley
Seven Letter and O’Neill & Associates have merged their strategic communications and marketing practices.
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Seven Letter and O’Neill & Associates have merged their strategic communications and marketing practices.
WPP chief Mark Read is selling a 49.99 percent stake to management of the revamped Finsbury Glover Hering, which will launch early next year with nearly 700 staffers in 18 countries.
Stagwell Group, a holding company formed by Mark Penn in 2015, has proposed merging with MDC Partners to create a $2B ad/PR combine. Penn chairs/helms and owns 30 percent of MDC.
Updated Paycheck Protection Program loan forgiveness applications have been released in an effort to make the process easier for borrowers as well as reflect changes from the recent passage of the Payroll Protection Program Flexibility Act.
What small businesses need to know about tax deduction and the Paycheck Protection Program.
Omnicom CEO John Wren took a 17.2 percent pay cut to $19.8M in 2019, according to its proxy statement released April 29. The company will shrink board from 11 to nine members at June 9 annual meeting.
FTI Consulting's strategic communications unit registered 1.2 percent growth to $58.4M during the first-quarter.
WPP CEO Mark Read reports like-for-like revenues dropped 3.3 percent during Q1 and 7.9 percent in March as the COVID-19 pandemic spread throughout the world. "Visibility of a return to normal remains low," he warns. (1 reader comment)
Interpublic today reported a 1.6 percent slide in net revenues to $2B as CEO Michael Roth dealt with the challenges posed by the COVID-19 pandemic.
Publicis Group today rolled out a $550M cost reduction program as CEO Arthur Sadoun predicts the COVID-19 crisis will trigger "the greatest recession in living memory." First-quarter organic growth drops 2.9 percent. (1 reader comment)
Interpublic CEO Michael Roth took a 2.2 percent cut in total compensation to $16.6M during 2019. Company warns shareholders May 21 annual meeting may be a virtual one. (1 reader comment)
The Bradford Group has merged with the Dalton Agency to create what it says is Nashville’s fourth-largest public relations and advertising agency as measured by revenue.
WPP suspends $1.2B stock buyback program and payment of final 2019 dividend as part of its battle plan to survive the COVID-19 pandemic. CEO Mark Read yanks 2020 financial guidance.
Ken Luce's LDWW represents Carnival Corp. as the world's No. 1 cruise ship operator today announced plans to raise $6B via the sale of bonds and stock to help stave off Chapter XI.
Nuffer Smith Tucker president Teresa Siles and executive VPs Mary Correia-Moreno and Price Adams have purchased the San Diego shop, which is the oldest in the city.
Publicis Groupe, which will release its first-quarter financials on April 23, has decided not to issue guidance "due to the "uncertain, volatile and unprecedented economic situation."
Interpublic CEO Michael Roth has yanked a full-year financial projection of three percent organic growth for 2020, due to the COVID-19 pandemic.
HSBC tells investors fate of April 24 annual general meeting is in doubt in the event the UK bans large gatherings or restricts travel to London in effort to deal with coronavirus outbreak.
Bank of America walked away from providing financing for Clayton Dubilier & Rice's $520M deal to take Huntsworth private due to the volatility in the global markets.
WPP CEO Mark Read reports WPP like-for-like revenues declined 1.9 percent during Q4 and 1.6 percent for the full year to $14B. (1 reader comment)
FTI Consulting's strategic communications unit posted a "solid" Q4 performance as it counseled clients on how to navigate increasingly complex political, trade and economic environments, Mark McCall, segment leader told O'Dwyer's.
APCO Worldwide has forged a strategic partnership with Erie Street, Chicago-based independent corporate advisory firm.
FTI Consulting is handling McClatchy's Chapter 11 filing as the owner of 30 newspapers seeks to restructure debt, shed pension obligations and accelerate its digital transformation. (1 reader comment)
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