The Inside News of PR & Marketing Communications

Last Updated: Fri., Dec. 14, 2018 @ 5:40 pm

Category: Financial ManagementReturn to Latest News

WPP to Slash Jobs in Revamp as Creative Tech

Tue, Dec. 11, 2018

By Kevin McCauley

Mark ReadWPP chief Mark Read is expected to slash 3,500 jobs as part of his three-year "radical evolution" plan to bolster growth at the beleaguered ad/PR conglom by repositioning it as a streamlined creative technology company. (1 reader comment)

Bloomberg Unveils Sustainable Finance Week

Tue, Nov. 27, 2018

By Steve Barnes

Vijay AdvaniBloomberg slates first-ever "Sustainable Finance Week" in New York next week as responsible investing accounts for $12T, or more than a quarter of total US assets under management. (1 reader comment)

Managing for Prosperity in 2019

Wed, Nov. 21, 2018

By Richard Goldstein

Richard GoldsteinAssessing how the year went for your agency, and what changes need to be made, in order to be successful in 2019 and beyond.

 

Sorrellís S4 Capital Bolts from Gate

Thu, Nov. 15, 2018

By Kevin McCauley

Martin SorrellMartin Sorrell’s S4 Capital posted a 44.6 percent rise in Q3 revenues to $33.1M and a 31.7 percent jump in gross profit to $23.1M. (4 reader comments)

Cision Stems Red Ink Tide

Fri, Nov. 9, 2018

By Kevin McCauley

Kevin AkeroydCision posted an 87 percent decline to $6M in Q3 losses from a year ago on an 11 percent boost in revenues to $117.2M.

Blue Engine Merges with JDA Frontline

Tue, Oct. 30, 2018

By Kevin McCauley

Blue Engine Media & JDA FrontlineBlue Engine Message & Media is merging with JDA Frontline on Jan. 1 to form a bipartisan public affairs shop of 25 staffers that will help clients navigate the volatile and divisive political climate.

MDC Closes Books on Q3 with $18.2M Loss

Mon, Oct. 29, 2018

By Kevin McCauley

MDCEmbattled MDC Partners, which is searching for a strategic partner and CEO, lost $18.2M during the third-quarter on flat revenues of $375M. (1 reader comment)

WPP Lags, Seeks Partner for Kantar

Thu, Oct. 25, 2018

By Kevin McCauley

Kantar logoWPP today reported a 0.8 percent dip in Q3 revenues to $4.8B as CEO Mark Read promised "decisive action and radical thinking" to turn around the ad/PR combine. The news triggered a stock sell-off. Read seeks partner for Kantar, the big data/research company.  (1 reader comment)

FTIís PR Unit Jumps 14.3%

Thu, Oct. 25, 2018

By Kevin McCauley

FTI consultingFTI Consulting’s strategic communications unit registered a 14.3 percent in Q3 revenues to $55.1M, sparked by higher project revenues and an upswing in pass-through business.

IPG Posts 3.4% Q3 Growth

Fri, Oct. 19, 2018

By Kevin McCauley

Michael RothInterpublic CEO Michael Roth today reported a 3.4 percent increase in Q3 net revenues to $1.9B and a 2.6 percent jump in operating income to $261.7M. (2 reader comments)

Publicis to Unload ĎNo Fití Health Unit

Thu, Oct. 18, 2018

By Kevin McCauley

Arthur SadounPublicis Groupe CEO Arthur Sadoun wants to unload the volatile Publicis Health Solutions (contract sales group) to enable the French ad/PR combine to focus exclusively on its creative and technology offerings.

Mark Pennís Stagwell Gets Ink

Tue, Oct. 2, 2018

By Kevin McCauley

Mark PennThe Stagwell Group has taken a majority stake in Ink, the London-based travel media and marketing company.

WPP Merges Y&R, VML

Wed, Sep. 26, 2018

By Kevin McCauley

Y&R VMLWPP merges iconic ad agency Young & Rubicam with digital marketing shop VML as new CEO Mark Read puts his mark on the ad/PR combine.

Maximize Your Profitability

Tue, Sep. 25, 2018

By Richard Goldstein

Richard GoldsteinPR professionals should always make an effort to understand the buying process from a client’s perspective.

 

MDC's Q2 Revenue Slips 2.8%

Fri, Aug. 3, 2018

By Kevin McCauley

Scott KauffmanMDC Partners reported a 2.8 percent second-quarter revenue decline to $380M and a plunge in net income to $1.1M from $8M. Organic growth dropped 1.7 percent.

IPG Enjoys 6.2% Q2 Growth

Tue, Jul. 24, 2018

By Kevin McCauley

Michael RothInterpublic today reported second-quarter revenues rose 6.2 percent to $1.9B and operating profit jumped 10.4 percent to $249.2M as client spending remained strong in the US and accelerated overseas.

Publicis Reports 8.2% Plunge in 1H Revenues

Thu, Jul. 19, 2018

By Kevin McCauley

Arthur SadounPublicis Groupe today reported an 8.2 percent plunge in H1 revenues to $4.9B due, in part, to a weak performance of its volatile Publicis Health Solutions contract sales organization.

OMC Shows 1.8% Q2 Growth

Tue, Jul. 17, 2018

By Kevin McCauley

John WrenOmnicom CEO John Wren reported today that second-quarter revenues rose 1.8 percent to $3.9B, while operating profit advanced 1.9 percent, to $582.3.

Value Pricing in the PR Profession

Fri, Jul. 6, 2018

By Richard Goldstein

Richard GoldsteinThe value that a PR agency’s services provide is a variable that's often missing from agencies’ billing process. (4 reader comments)

WPP Takes $400M Hit

Tue, May 22, 2018

By Kevin McCauley

HSBCHSBC has shifted its $400M global media account to Omnicom's PHD from WPP's Mindshare unit following a competitive review.