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PR News & Commentary

Last Updated: Wed., Jan. 26, 2022 @ 4:00 pm

Category: Financial ManagementReturn to Latest News

BerlinRosen Gets Cash Infusion

Fri, Jan. 21, 2022

By Kevin McCauley

BerlinRosenO2 Investment Partners has taken an investment position in New York-based BerlinRosen to power its next phase of growth.

Navigating Labor Shortages and Rising Costs

Mon, Dec. 20, 2021

By Dominic Rovano

Dominic RovanoThe COVID-19 pandemic has upended labor market dynamics, creating an economy-wide shortage of workers. For public relations and marketing firms, wages are the single biggest cost, and rising labor costs are hitting them hard.

FTI Consulting Makes Bold Move

Tue, Dec. 14, 2021

By Kevin McCauley

BOLDFTI Consulting has acquired Bold, a restructuring, transactions, digital advisory firm in the Netherlands with 31 billable staffers.

AbMac Works Panera Brands' IPO

Tue, Nov. 9, 2021

By Kevin McCauley

PaneraAbernathy McGregor represents European investment firm JAB Holdings as it slates an initial public offering for its Panera Brands unit composed of Panera Bread, Caribou Coffee and Einstein Bros. Bagels.

Finn Partners Acquires Anthology Marketing Group

Mon, Nov. 1, 2021

By Kevin McCauley

Dennis ChristiansonFinn Partners has acquired Anthology Marketing Group, the 86-member Honolulu-based integrated marketing communications shop with a robust travel and tourism practice.

WPP Records 15.7% Q3 Growth

Thu, Oct. 28, 2021

By Kevin McCauley

Mark ReadWPP CEO Mark Read recorded a 15.7 percent growth in Q3 revenues (less pass-through costs) to $3.6B as clients across the board hiked investments in marketing, especially digital media and eCommerce services.

FTI Consulting Posts 31% Surge in Q3 PR Revenues

Thu, Oct. 28, 2021

By Kevin McCauley

Mark McCallFTI Consulting’s strategic communications unit posted a 31.1 percent jump in Q3 revenues to $69.4M, driven by a robust demand for its corporate reputation and PA services.

Interpublic Reports Robust 15.7% Q3 Growth

Thu, Oct. 21, 2021

By Kevin McCauley

Philippe KrakowskyInterpublic reported Q3 revenues rose 15.7 percent to $2.3B as it registered solid gains across all operating sectors and geographic regions. Organic growth jumped 15.0 percent. (Updated)

Omnicom Enjoys 7.1% Q3 Growth Spurt

Wed, Oct. 20, 2021

By Kevin McCauley

John WrenOmnicom Group’s Q3 revenues grew 7.1 percent to 3.4B due to the moderation of the impact of the COVID-19 pandemic on its communications offerings. Net income surged 13.5 percent to $355.6M.

FGH Merges with SVC

Wed, Oct. 13, 2021

By Kevin McCauley

FGHFinsbury Glover Hering, which is majority-owned by WPP, is merging with Sard Verbinnen & Co. to create a firm they say chalked up $330M in combined 2020 revenues and will have more than 1,000 staffers in 25 offices throughout the world.

FGH Sails Into The Harbour Group

Wed, Oct. 6, 2021

By Kevin McCauley

HarbourFinsbury Glover Hering has acquired The Harbour Group, which has a lucrative contract with long-time client, United Arab Emirates.

Are You Leaving ERC Money on the Table?

Mon, Sep. 27, 2021

By Dominic Rovano

Dominic RovanoMany agency owners are still unaware that their business may qualify for the Employee Retention Credit program, potentially leaving valuable dollars on the table.

Messina Group Acquires Segal Communications

Wed, Sep. 8, 2021

By Kevin McCauley

MessinaSegalThe Messina Group, which is headed by Barack Obama's former campaign manager, has announced the acquisition of Segal Communications, the consumer technology and lifestyle PR shop serving clients in the San Francisco Bay area.

WPP Posts 16% H1 Growth

Thu, Aug. 5, 2021

By Kevin McCauley

Mark ReadWPP chief Mark Read reported a 16.1 percent gain to $8.5B in H1 revenues (like-for-like) and a $672.7M operating profit, compared to a $3.8B year-ago loss. (Updated)

Finn Partners Acquires Agency Ten22

Wed, Jul. 7, 2021

By Kevin McCauley

Beth FriedmanFinn Partners has acquired Agency Ten22, the Atlanta-based PR, social media, content management and digital marketing firm that serves the healthcare IT industry.

Stagwell's Mark Penn Calls Out Indaba Capital

Tue, Jun. 29, 2021

By Kevin McCauley

Mark PennStagwell CEO Mark Penn denies Indaba Capital Management's charge that he is dodging the hedge fund that objects to the terms of Stagwell's merger with MDC Partners.