PR & Marketing Communications News

Last Updated: Fri., Jan. 15, 2021 @ 5:06 pm

Category: Financial ManagementReturn to Latest News

Sorrell Sees More Deals Ahead

Mon, Jan. 4, 2021

By Kevin McCauley

Martin SorrellS4 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, MDC Shoot for $3B Revenues Mark

Tue, Dec. 22, 2020

By Kevin McCauley

Mark PennStagwell Group and MDC Partners have ironed out a definitive merger agreement to form what CEO Mark Penn calls a $2B “transformative” marketing services company.

SEC Slaps Cheesecake Factory for Misleading Press Releases

Fri, Dec. 4, 2020

By Kevin McCauley

Cheesecake FactoryThe 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 Retires Grey Global

Wed, Nov. 11, 2020

By Kevin McCauley

GreyWPP 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.

Huntsworth Acquires Nucleus Global

Fri, Nov. 6, 2020

By Kevin McCauley

Paul TaaffeUK-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 Posts 5.5% Dip in Q3 Revenues

Thu, Oct. 29, 2020

By Kevin McCauley

Mark ReadWPP 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 Suffers 11.5% Q3 Revenue Drop

Tue, Oct. 27, 2020

By Kevin McCauley

John WrenOmnicom CEO John Wren reports Q3 revenues dropped 11.5 percent to $3.2B due to the negative impact of the COVID-19 pandemic.

The Home Office Deduction After COVID-19

Fri, Oct. 23, 2020

By Richard Goldstein

Richard GoldsteinCan PR professionals deduct home office expenses from their taxes now that many agencies are working remotely due to COVID-19?

IPG Q3 Revenues Fall 12.8%

Wed, Oct. 21, 2020

By Kevin McCauley

Philippe KrakowskyInterpublic 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 Posts 9.2% Drop in Q3 Revenues

Fri, Oct. 16, 2020

By Kevin McCauley

Arthur SadounPublicis 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.

Next 15 Posts 5.6% H1 Growth

Tue, Sep. 29, 2020

By Kevin McCauley

Next15Next 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.

Business Loss Changes from the CARES Act

Wed, Sep. 16, 2020

By Richard Goldstein

Richard GoldsteinSeveral 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 Gobbles Up Oakhill Communications

Tue, Sep. 8, 2020

By Kevin McCauley

OakhillSard 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 Acquires Be Social

Tue, Sep. 1, 2020

By Kevin McCauley

Ali GrantDolphin 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 1H Revenues Slide 12.3%

Thu, Aug. 27, 2020

By Kevin McCauley

Mark ReadWPP 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.

FTI Consulting's PR Unit Dips 3.8%

Thu, Jul. 30, 2020

By Kevin McCauley

Mark McCallFTI 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 Posts $45.6M Q2 Loss

Wed, Jul. 29, 2020

By Kevin McCauley

Michael RothInterpublic 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)