PR & Marketing Communications News

Last Updated: Tue., Apr. 7, 2020 @ 4:55 pm

Category: Financial ManagementReturn to Latest News

Bradford Group Merges with Dalton Agency

Tue, Apr. 7, 2020

By Steve Barnes

Jeff BradfordThe 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 in COVID-19 Fight

Tue, Mar. 31, 2020

By Kevin McCauley

Mark ReadWPP 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.

LDWW Helps Carnival Stay Afloat

Tue, Mar. 31, 2020

By Kevin McCauley

CarnivalKen 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 Gets New Owners

Tue, Mar. 31, 2020

By Kevin McCauley

NufferNuffer 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 Drops Guidance

Mon, Mar. 30, 2020

By Kevin McCauley

Publicis GroupePublicis 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."

COVID-19 Hits Interpublic's Financial Targets

Thu, Mar. 26, 2020

By Kevin McCauley

Michael RothInterpublic CEO Michael Roth has yanked a full-year financial projection of three percent organic growth for 2020, due to the COVID-19 pandemic.

HSBC Warns Shareholders Annual Meeting Is In Doubt

Wed, Mar. 11, 2020

By Kevin McCauley

HSBCHSBC 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.  

BoA Balked on Huntsworth Deal

Tue, Mar. 10, 2020

By Kevin McCauley

bank of americaBank 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 Revenues Slide 1.9% in Q4

Thu, Feb. 27, 2020

By Kevin McCauley

Mark ReadWPP 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's PR Group Grows 14.3% in Q4

Tue, Feb. 25, 2020

By Kevin McCauley

Mark McCallFTI 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.

FTI Consulting Works McClatchy Chapter 11

Thu, Feb. 13, 2020

By Kevin McCauley

McClatchyFTI 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)

LLYC Enjoys 12.4% Growth in '19

Thu, Feb. 13, 2020

By Kevin McCauley

LLYCMadrid’s LLorente & Cuenca posted a 12.4 percent gain in 2019 revenues to $47M, paced by 21 percent growth in both Spain and Brazil, its biggest markets.

IPG Posts 1.6% Spurt in Q4 Growth

Wed, Feb. 12, 2020

By Kevin McCauley

Michael RothInterpublic today reported Q4 revenue grew 1.6 percent to $2.9B, while net income was flat at $328.9M. The Golin, DeVries Global, PMK-BMC, Current Global, Weber Shandwick PR unit was "up slightly" on reported, organic basis.

Teneo Acquires Bridge in Ireland

Wed, Feb. 12, 2020

By Kevin McCauley

Declan KellyTeneo has acquired Bridge PR strategic communications and content creation shop based in Ireland's County Clare.

Omnicom PR Units Sink 3.2% in Q4

Tue, Feb. 11, 2020

By Kevin McCauley

John WrenOmnicom's PR division suffered a 3.2 percent drop in Q4 revenues to $358.3M. Organic growth declined 2.5 percent. CEO John Wren leads OMC to full-year drops in revenues, net income.

Tax Changes for 2020

Thu, Jan. 23, 2020

By Richard Goldstein

Richard GoldsteinA look at some of the tax changes that might affect your financial planning in 2020.

Sorrell Joins Circus

Thu, Jan. 9, 2020

By Kevin McCauley

Martin SorrellS4 Capital chief Martin Sorrell has acquired Mexico City-based Circus Marketing digital content shop to expand his push into Latin America.

Copley Equity Invests in Gregory FCA

Mon, Jan. 6, 2020

By Kevin McCauley

Gregory MatuskyCopley Equity Partners has taken a minority stake in Gregory FCA, the suburban Philadelphia-based firm that chalked up $9.9M in fees in O’Dwyer’s 2018 rankings.

WPP Unloads Sports Unit

Wed, Dec. 18, 2019

By Kevin McCauley

Two CirclesWPP has sold a majority stake in Two Circles data analytics and sports marketing unit to Bruin Sports Capital, media technology, live events, marketing and brand strategy company in White Plains, NY.

Huntsworth Eyes PR Growth to End Dry Spell

Tue, Dec. 17, 2019

By Kevin McCauley

Paul TaaffeHuntsworth today reported that its PR unit for the first time in several years will achieve full-year growth in 2019. The unit is projected to chart a two percent advance.