OMC Shows 1.8% Q2 Growth
Tue, Jul. 17, 2018
By Kevin McCauley
Omnicom 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.
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Omnicom 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.
The value that a PR agency’s services provide is a variable that's often missing from agencies’ billing process. (4 reader comments)
Factors to be should be considered for maintaining adequate agency profitability.
HSBC has shifted its $400M global media account to Omnicom's PHD from WPP's Mindshare unit following a competitive review.
With the rise of independent contractors in the new, shared economy, distinctions between employees and contractors are increasingly blurred these days, especially at PR firms.
MDC Partners' chief Scott Kauffman reported a $31.4M first-quarter loss, up from $11.1M a year ago as clients trim spending.
WPP’s reported first-quarter revenues slipped four percent to $4.9B, though like-to-like sales inched upward 0.8 percent. (2 reader comments)
Tusk Ventures is promoting the Republic of the Marshall Islands' plan to introduce the world’s legal tender cryptocurrency.
FTI Consulting’s strategic communications group reports a 20.7 percent jump in first-quarter revenues to $52.8M, driven by gains in retainer and project-based business.
Some PR pros are investing in real estate, but many don’t understand the tax rules that go along with the investment.
Publicis Groupe today reported an 8.2 percent slide in net revenues to $2.6B due to unfavorable currency exchange rates. At constant rates, Publicis revenues advanced 1.6 percent. (1 reader comment)
Omnicom's PR group posted a 3.3 percent rise in first-quarter revenues to $346M, accounting for 9.6 percent of the ad/PR conglom's $3.6B revenues.
WPP shares plummeted seven percent in London today, the first trading day following the bombshell exit of CEO Martin Sorrell
Omnicom Group trimmed president/CEO John Wren's total 2017 compensation package 7.8 percent to $24M. He will add chairman title at May 22 annual meeting.
Interpublic CEO Michael Roth took a 6.1 percent cut to $16,883,818 in total compensation for 2017, according to the ad/PR conglomerate's proxy. Earns 264 times more than IPG's median comp. (2 reader comments)
UK's Tulchan Group is part of Unilever’s media team handling today’s announcement that the consumer products giant is consolidating its headquarters in Rotterdam.
Huntsworth today reported 2017 revenues grew nine percent to $264M while pretax profit surged 52 percent to $36.7M.
Women working at WPP's UK firms earn less than their male counterparts, according to a report released by the the PR/ad conglomerate. Hill+Knowlton Strategies is outlier to gender pay gap.
WPP today reported today that PR/PA revenues dipped during the second-half of 2017 but rose 1.7 percent for the full-year to the $1.6B mark. (1 reader comment)
How home equity debt and the IRS's new “20 percent deduction” will be applied under the Tax Cuts and Jobs Act.
UK-based Next 15 Communications Group today announced that organic growth improved to the "single high digits" mark during the second-half of its fiscal year ended January 31.
Omnicom Group today reported a 27.4 percent drop in Q4 net income to $254.4M, following a $106.3M charge for enactment of the “Tax Cuts and Jobs Act.”
Interpublic today reported 3.4 percent growth in Q4 revenues to $2.3B and flat net income of $317M. PR revenues are 'slightly down' from single-digit growth rate.
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