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It's no secret that many PR people suffer from arithmophobia—a fear of numbers. We tend to be word people. But there's no escaping the fact that financial literacy is a core requirement in our line of work, especially when dealing with corporate clients.
WPP recorded a 2.6 percent dip to $273M in like-for-like revenues for its Hill+Knowlton, BCW and Finsbury-led PR unit during the second quarter.
Huntsworth CEO Paul Taaffe says the Grayling, Citigate Dewe Rogerson and Red communications division has reported Like-For-Like revenue growth "for the first time in a number of years."
Interpublic Group today reported a 5.4 percent rise in Q2 revenues to $2.5B and a 6.0 percent jump in operating income to $264.2M.
Publicis Groupe CEO Arthur Sadoun reports a 1.6 percent rise in Q2 growth to $2.4B, a performance that was hampered by lackluster results on the US advertising front as clients slash fees.
Omnicom CEO John Wren reported today that Q2 PR revenues slipped 3.7 percent to $349.3M and 3.6 percent to $683.4M for the first-half.
WPP Group has sold a 60 percent stake in its Kantar research unit to Bain Capital for $4B as part of CEO Mark Read's plan to simplify the structure of the ad/PR giant.
Several ways to ensure your agency continues to grow.
WPP chief Mark Read is ironing out a deal to sell The Farm, film/TV post-production unit, to US-based Picture Shop, according to the Times of London.
New Mountain Capital, New York private equity firm with $20B assets, is investing in W2O Group as CEO Jim Weiss plots the next phase of growth for the San Francisco-based healthcare PR firm.
Laura Anderson, who was VP/global communications at Intel, has moved to private equity firm Silver Lake Partners as managing director and head of communications.
Finsbury founder Roland Rudd approaches WPP about buying back the financial PR/PA powerhouse firm that he sold to the now revamping ad/PR combine in 2001.
MDC Partners shaved its first-quarter loss to $2.5M from $31.3M a year due to its cost-cutting measures of staff, real estate and corporate expenses put into place during 2018.
Interpublic today said Q1 revenues jumped 13 percent to $2B, sparked partly by the acquisition of Acxiom's data business.
WPP today reported a 2.8 percent drop in like-for-like Q1 revenues due to an 8.5 percent crash in the North America region, its biggest market, due to client losses in the automotive, pharmaceutical and fast-moving consumer goods sectors.
FTI Consulting today reported a 9.3 percent Q1 revenues jump to $57.7M for its strategic communications group due to solid results in North America and the EMEA regions.
San Francisco's SutherlandGold Group has acquired Astro Media to enhance its creative storytelling offering with data, measurement and audience-driven content capabilities.
If you’re nearing retirement age, selling your agency may be the solution to generating income and maintaining the lifestyle you enjoy today.
Publicis Groupe is acquiring Alliance Data's Epsilon unit for $4.4B in bid to become "a leader in the data-led, digital-first world."
MMGY Global has acquired Digital Spring, a London-based content, media and creative solutions agency for travel and tourism brands.
Consulting giant Accenture is buying creative advertising powerhouse Droga5 in a deal that will reshape the marketing communications landscape. Transaction is part of Accenture's push "to improve full human experience with brands."
Next Fifteen Communications Group reported a 1.1 percent dip in PR revenues to $173.2.M for the 12-month period ended Jan. 31, a year of restructuring that featured the merger of tech firms Text100 and Bite to form Archetype.
Marx Group (marketing communications) has merged with Eisbrenner PR to form Marx Buscemi Eisbrenner Group to bolster its strong position in the Midwest automotive, trucking, technology and consumer products sectors.
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