Acceleration Partners Acquires Streamline Marketing
Tue, Jan. 5, 2021
By Steve Barnes
Acceleration Partners has acquired Streamline Marketing, a Seattle-based performance marketing agency founded in 2013 by CEO Jon Claydon.
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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.
Next Fifteen Communications Group has reported a 5.6 percent growth in first-half revenues (ended July) to $197.4M despite the challenges presented by the COVID-19 pandemic. It posted a $500K operating loss due to $14M write-off of "surplus to requirements" office space.
Several recent changes to the tax code in response to the COVID-19 pandemic, including major amendments to excess business loss limits, may impact public relations agencies.
Sard Verbinnen & Co. has acquired Oakhill Communications, the London-based strategic communications, PA/crisis shop that serves FTSE companies, non-profits and high net worth individuals.
Dolphin Entertainment, owner of top Hollywood PR firms 42West, Shore Fire Media and The Door, has acquired Be Social, which handles influencer marketing campaigns for beauty, fashion, and lifestyle brands.
WPP reported a 12.3 percent decline in first-half revenues to $7.4B as CEO Mark Read wrestled with the negative impact of COVID-19. He believes the worst is behind the ad/PR giant.
The management of Ireland’s Drury Porter Novelli has bought the firm back from Omnicom. Terms of the deal were not disclosed.
FTI Consulting posted a 3.8 percent dip in Q2 strategic communications revenues to $56.8M, while operating income slipped 3.7 percent to $8.8M.
Interpublic CEO Michael Roth reported a $45.6M net loss for the second quarter as revenues plunged 19.6 percent due to the negative impact of the COVID-19 pandemic. It had earned $169.5M a year ago. (Updated)
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