PR News & Commentary

Last Updated: Thu., Sep. 23, 2021 @ 5:08 pm

Category: Financial ManagementReturn to Latest News

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.

Finn Partners Buys Back Stagwell Stake

Wed, May 19, 2021

By Kevin McCauley

Peter FinnFinn Partners has bought back the investment stake that it sold to Mark Penn’s Stagwell Group, and the two companies have amicably separated.

Stagwell Posts 1.8% Dip in Q1 Revenues

Wed, May 5, 2021

By Kevin McCauley

Jay LevetonStagwell Group reported a 1.8 percent dip in Q1 revenues to $181.2M and a 63.2 percent decline in net income to $4.6M due to a tough comparison to a political year and the continued impact of COVID-19 on operations.

Interpublic Posts 2.8% Q1 Growth

Wed, Apr. 28, 2021

By Kevin McCauley

Philippe KrakowskiInterpublic today reported Q1 net revenues rose 2.8 percent to $2B and net income hit $91.7M compared to a year ago $4.7M profit. (Updated)

Gregory FCA Acquires Affect

Tue, Apr. 27, 2021

By Steve Barnes

Greg MatuskyGregory FCA acquires Affect, a B2B-focused firm serving technology, healthcare and professional services clients.

MBO Bails Out of LLYC

Fri, Apr. 23, 2021

By Steve Barnes

LLYCMBO & Co, a French private equity firm, has sold its 30 percent stake in LLYC to the firm’s partners.

Sorrell Takes a Bow at S4 Capital 

Thu, Mar. 25, 2021

By Kevin McCauley

Martin SorrellS4 Capital chalked up an “outstandingly successful” performance during its second full year of operation, according to founder Martin Sorrell, as like-for-like revenues jumped 15.2 percent to $475M.

WPP Spills $3.4B in 2020 Red Ink

Thu, Mar. 11, 2021

By Kevin McCauley

Mark ReadWPP posted a $3.4B pretax loss in 2020 due to $3.7B in COVID-19 impairment charges compared to a $1.4B year-earlier profit. CEO Mark Read sees 2021 as a "year of solid recovery."

Stagwell Posts Upbeat Q4 Performance

Tue, Mar. 9, 2021

By Kevin McCauley

Jay LevetonStagwell Marketing Group reported a 67.5 percent surge in Q4 revenues to $313.1M, sparked by growth in its technology and digital businesses.

Interpublic, Omnicom Disclose Pandemic Cuts

Mon, Feb. 22, 2021

By Kevin McCauley

IPGInterpublic cut global employment by 7.6 percent to 50,200 at year end 2020, according to its SEC filing. Omnicom chopped 8.4 percent of its staff.

LLYC Reports 8.3% Dip in 2020 Revenues

Wed, Feb. 17, 2021

By Kevin McCauley

Jose Antonio LlorenteLLYC reported an 8.3 percent dip in 2020 revenues to $53.3M largely due to the devaluation of currencies in Brazil, Mexico and Argentina triggered by the COVID-19 pandemic. Those results compare to a record-setting 2019 performance.

Interpublic Posts 6.1% Slide in Q4 Revenues

Wed, Feb. 10, 2021

By Kevin McCauley

Philippe KrakowskyInterpublic today reported a 6.1 percent decline in Q4 net revenues to $2.3B and a 54.5 percent drop in operating profit to $223.4M due to the negative impact of the COVID-19 pandemic.