The Inside News of PR & Marketing Communications

Last Updated: Mon., Oct. 14, 2019 @ 4:04 pm

Category: Financial ManagementReturn to Latest News

Publicis Q3 Organic Revenues Fall 2.7%

Fri, Oct. 11, 2019

By Kevin McCauley

PublicisPublicis Groupe's Q3 organic revenues dropped 2.7 percent as the French ad/PR combine turned in a worse than anticipated performance. CEO Arthur Sadoun says his firm is taking some hits now for a stronger future.

Ruder Finn Gobbles Up $5M SPI Group

Thu, Sep. 19, 2019

By Kevin McCauley

Kathy BloomgardenRuder Finn has acquired SPI Group, the Jersey-based shop that ranked No. 17 in O’Dwyer’s 2018 healthcare rankings with fees of $5M.

Business Travel Expenses

Wed, Sep. 18, 2019

By Richard Goldstein

Richard GoldsteinA breakdown of current federal tax rules regarding reimbursement for business travel expenses.

Finn Partners Acquires Health Specialist Lazar

Wed, Sep. 4, 2019

By Kevin McCauley

Finn Partners & Lazar PartnersFinn Partners has acquired Lazar Partners, a 22-member high-science firm that serves clients in the digital, technology, media devices and pharma categories.

Broadhead Snaps Up Kohnstamm Communications

Wed, Sep. 4, 2019

By Kevin McCauley

Josh KohnstammBroadhead, which bills itself as the No. 1 independent marketing agency in Minnesota, has acquired Kohnstamm Communications, which reported $2.3M in 2018 fees to O’Dwyer’s rankings.

China's Blue Focus Refocuses International Push

Fri, Aug. 23, 2019

By Kevin McCauley

Blue FocusChina's Blue Focus Intelligent Communications Group is merging its international units into Legacy Acquisition Corp., a Big Board-listed $300M special purpose acquisition company. (1 reader comment)

Why PR Needs Financial Literacy

Fri, Aug. 16, 2019

By Ron Hutcheson

Ron HutchesonIt's no secret that many PR people suffer from arithmophobia—a fear of numbers. We tend to be word people. But there's no escaping the fact that financial literacy is a core requirement in our line of work, especially when dealing with corporate clients.

WPP’s PR Group Slips 2.6%

Mon, Aug. 12, 2019

By Kevin McCauley

Mark ReadWPP recorded a 2.6 percent dip to $273M in like-for-like revenues for its Hill+Knowlton, BCW and Finsbury-led PR unit during the second quarter.

Huntsworth Finally Shows PR Revenue Growth

Tue, Jul. 23, 2019

By Kevin McCauley

Paul TaaffeHuntsworth CEO Paul Taaffe says the Grayling, Citigate Dewe Rogerson and Red communications division has reported Like-For-Like revenue growth "for the first time in a number of years."

IPG Posts 5.4% Q2 Growth

Tue, Jul. 23, 2019

By Kevin McCauley

Michael RothInterpublic Group today reported a 5.4 percent rise in Q2 revenues to $2.5B and a 6.0 percent jump in operating income to $264.2M.

Publicis Registers 1.6% Q2 Growth

Fri, Jul. 19, 2019

By Kevin McCauley

Arthur SadounPublicis Groupe CEO Arthur Sadoun reports a 1.6 percent rise in Q2 growth to $2.4B, a performance that was hampered by lackluster results on the US advertising front as clients slash fees.

Omnicom's PR Units Slip 3.7% in Q2

Wed, Jul. 17, 2019

By Kevin McCauley

John WrenOmnicom CEO John Wren reported today that Q2 PR revenues slipped 3.7 percent to $349.3M and 3.6 percent to $683.4M for the first-half.

 

WPP Sells 60% Kantar Stake to Bain

Fri, Jul. 12, 2019

By Kevin McCauley

Mark ReadWPP Group has sold a 60 percent stake in its Kantar research unit to Bain Capital for $4B as part of CEO Mark Read's plan to simplify the structure of the ad/PR giant.

WPP Sells The Farm

Tue, Jun. 18, 2019

By Kevin McCauley

Mark ReadWPP 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 Invests in W20 Group

Thu, May 30, 2019

By Kevin McCauley

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.

WPP May Unload Finsbury

Tue, May 14, 2019

By Kevin McCauley

Roland RuddFinsbury 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 Shaves Q1 Loss

Tue, May 7, 2019

By Kevin McCauley

Mark PennMDC 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 Enjoys 13% Rise in Revenues

Fri, Apr. 26, 2019

By Kevin McCauley

Michael RothInterpublic today said Q1 revenues jumped 13 percent to $2B, sparked partly by the acquisition of Acxiom's data business.

WPP Suffers 2.8% Drop in Revenues

Fri, Apr. 26, 2019

By Kevin McCauley

Mark ReadWPP 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's PR Unit Jumps 9.3%

Thu, Apr. 25, 2019

By Kevin McCauley

Steven GunbyFTI 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.

SutherlandGold Acquires Astro Media

Tue, Apr. 23, 2019

By Kevin McCauley

Leslie GoldSan Francisco's SutherlandGold Group has acquired Astro Media to enhance its creative storytelling offering with data, measurement and audience-driven content capabilities.