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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)
Omnicom’s PR group suffered a 15.3 percent drop in Q2 revenues to $295.8M as the COVID-19 pandemic took a toll on its travel, lodging, entertainment, energy, retail and automotive clients. Organic growth slipped 13.9 percent.
W2O Group has acquired Discern Health, the Baltimore-based health economics and outcomes research firm.
Publicis Groupe CEO Arthur Sadoun reported today a 2.9 percent slip in Q1 organic growth, which he called a "good start of the year" as the French ad/PR giant prepares for tougher days ahead due to the impact of the COVID-19 pandemic.
Seven Letter and O’Neill & Associates have merged their strategic communications and marketing practices.
WPP chief Mark Read is selling a 49.99 percent stake to management of the revamped Finsbury Glover Hering, which will launch early next year with nearly 700 staffers in 18 countries.
Stagwell Group, a holding company formed by Mark Penn in 2015, has proposed merging with MDC Partners to create a $2B ad/PR combine. Penn chairs/helms and owns 30 percent of MDC.
Updated Paycheck Protection Program loan forgiveness applications have been released in an effort to make the process easier for borrowers as well as reflect changes from the recent passage of the Payroll Protection Program Flexibility Act.
What small businesses need to know about tax deduction and the Paycheck Protection Program.
Omnicom CEO John Wren took a 17.2 percent pay cut to $19.8M in 2019, according to its proxy statement released April 29. The company will shrink board from 11 to nine members at June 9 annual meeting.
FTI Consulting's strategic communications unit registered 1.2 percent growth to $58.4M during the first-quarter.
WPP CEO Mark Read reports like-for-like revenues dropped 3.3 percent during Q1 and 7.9 percent in March as the COVID-19 pandemic spread throughout the world. "Visibility of a return to normal remains low," he warns. (1 reader comment)
Interpublic today reported a 1.6 percent slide in net revenues to $2B as CEO Michael Roth dealt with the challenges posed by the COVID-19 pandemic.
Publicis Group today rolled out a $550M cost reduction program as CEO Arthur Sadoun predicts the COVID-19 crisis will trigger "the greatest recession in living memory." First-quarter organic growth drops 2.9 percent. (1 reader comment)
Interpublic CEO Michael Roth took a 2.2 percent cut in total compensation to $16.6M during 2019. Company warns shareholders May 21 annual meeting may be a virtual one. (1 reader comment)
The 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.
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