Financial Advice for Your PR Agency
Tue, Jun. 18, 2019
By Richard Goldstein
Several ways to ensure your agency continues to grow.
| Category: Financial Management | Return to Latest News |
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.
Blackstone Group and Advent buyout funds are in the hunt to buy a majority stake in Kantar, WPP's big data analytics firm, A transaction would value Kantar in the $5B range.
WPP has decided not to contest the $2.8M payment that former CEO Martin Sorrell is entitled to under the company’s long-term incentive plan.
Mark Penn has assumed the helm of MDC Partners as his Stagwell Group agrees to pump a $100M equity infusion into the financially strapped ad/PR company.
Stagwell Group chief Mark Penn is negotiating to assume the helm of MDC Partners and take an investment stake in the troubled ad/PR firm.
Huntsworth's PR revenues dipped five percent in 2018 to $95M and profits plummeted 14.2 percent to $7.8M following a reorganization charge. CEO Paul Taaffe says health-focused Huntsworth remains committed to PR unit.
Former Bell Pottinger chief James Henderson told to repay $525K in profits that were wrongly taken from the firm that collapsed following its racist campaign in South Africa. (1 reader comment)
The American Institute of CPAs has hired FleishmanHillard alum Kathy King as senior director of PA, advocacy and media.
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