PR & Marketing Communications News

Last Updated: Fri., Jul. 10, 2020 @ 5:30 pm

Category: Financial ManagementReturn to Latest News

WPP Sells Stake in Revamped PA Offering

Tue, Jul. 7, 2020

By Kevin McCauley

Mark ReadWPP 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 Makes Move on MDC

Fri, Jun. 26, 2020

By Kevin McCauley

Mark PennStagwell 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.

Paycheck Protection Program Updates

Mon, Jun. 22, 2020

By Richard Goldstein

Richard GoldsteinUpdated 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.

Omnicom's Wren Takes 17.2% Pay Cut to $19.8M

Fri, May 1, 2020

By Kevin McCauley

John WrenOmnicom 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's PR Group Shows 1.2% Q1 Growth

Thu, Apr. 30, 2020

By Kevin McCauley

Mark McCallFTI Consulting's strategic communications unit registered 1.2 percent growth to $58.4M during the first-quarter. 

WPP Q1 Revenues Fall 3.3%

Wed, Apr. 29, 2020

By Kevin McCauley

Mark ReadWPP 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)

IPG Q1 Net Revenues Slide 1.6%

Wed, Apr. 22, 2020

By Kevin McCauley

Michael RothInterpublic 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 Hunkers Down

Mon, Apr. 13, 2020

By Kevin McCauley

Arthur SadounPublicis 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 Roth Takes Pay Cut

Fri, Apr. 10, 2020

By Kevin McCauley

Michael RothInterpublic 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)

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)