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WPP chief Mark Read is expected to slash 3,500 jobs as part of his three-year "radical evolution" plan to bolster growth at the beleaguered ad/PR conglom by repositioning it as a streamlined creative technology company. (1 reader comment)
Bloomberg slates first-ever "Sustainable Finance Week" in New York next week as responsible investing accounts for $12T, or more than a quarter of total US assets under management. (1 reader comment)
Assessing how the year went for your agency, and what changes need to be made, in order to be successful in 2019 and beyond.
Martin Sorrell’s S4 Capital posted a 44.6 percent rise in Q3 revenues to $33.1M and a 31.7 percent jump in gross profit to $23.1M. (4 reader comments)
Cision posted an 87 percent decline to $6M in Q3 losses from a year ago on an 11 percent boost in revenues to $117.2M.
Blue Engine Message & Media is merging with JDA Frontline on Jan. 1 to form a bipartisan public affairs shop of 25 staffers that will help clients navigate the volatile and divisive political climate.
Embattled MDC Partners, which is searching for a strategic partner and CEO, lost $18.2M during the third-quarter on flat revenues of $375M. (1 reader comment)
WPP today reported a 0.8 percent dip in Q3 revenues to $4.8B as CEO Mark Read promised "decisive action and radical thinking" to turn around the ad/PR combine. The news triggered a stock sell-off. Read seeks partner for Kantar, the big data/research company. (1 reader comment)
FTI Consulting’s strategic communications unit registered a 14.3 percent in Q3 revenues to $55.1M, sparked by higher project revenues and an upswing in pass-through business.
The ins and outs of dealing with procurement departments.
Interpublic CEO Michael Roth today reported a 3.4 percent increase in Q3 net revenues to $1.9B and a 2.6 percent jump in operating income to $261.7M. (2 reader comments)
Publicis Groupe CEO Arthur Sadoun wants to unload the volatile Publicis Health Solutions (contract sales group) to enable the French ad/PR combine to focus exclusively on its creative and technology offerings.
The Stagwell Group has taken a majority stake in Ink, the London-based travel media and marketing company.
WPP merges iconic ad agency Young & Rubicam with digital marketing shop VML as new CEO Mark Read puts his mark on the ad/PR combine.
PR professionals should always make an effort to understand the buying process from a client’s perspective.
MDC Partners, parent of Allison + Partners, Sloane & Co, KWT Global and Hunter PR, is exploring its strategic options.
MDC Partners reported a 2.8 percent second-quarter revenue decline to $380M and a plunge in net income to $1.1M from $8M. Organic growth dropped 1.7 percent.
Interpublic today reported second-quarter revenues rose 6.2 percent to $1.9B and operating profit jumped 10.4 percent to $249.2M as client spending remained strong in the US and accelerated overseas.
Publicis Groupe today reported an 8.2 percent plunge in H1 revenues to $4.9B due, in part, to a weak performance of its volatile Publicis Health Solutions contract sales organization.
Omnicom CEO John Wren reported today that second-quarter revenues rose 1.8 percent to $3.9B, while operating profit advanced 1.9 percent, to $582.3.
The value that a PR agency’s services provide is a variable that's often missing from agencies’ billing process. (4 reader comments)
Factors to be should be considered for maintaining adequate agency profitability.
HSBC has shifted its $400M global media account to Omnicom's PHD from WPP's Mindshare unit following a competitive review.
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