The Inside News of PR & Marketing Communications

Last Updated: Mon., Oct. 15, 2018 @ 4:40 pm

Category: Financial ManagementReturn to Latest News

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.

Independent or Employed?

Tue, May 22, 2018

By Richard Goldstein

Richard GoldsteinWith 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's Q1 Loss Widens

Fri, May 11, 2018

By Kevin McCauley

Scot KaufmanMDC Partners' chief Scott Kauffman reported a $31.4M first-quarter loss, up from $11.1M a year ago as clients trim spending.

WPP Posts 4% Dip in Q1 Revenues

Mon, Apr. 30, 2018

By Kevin McCauley

WPPWPP’s reported first-quarter revenues slipped four percent to $4.9B, though like-to-like sales inched upward 0.8 percent. (2 reader comments)

FTIís PR Unit Surges 21%

Thu, Apr. 26, 2018

By Kevin McCauley

Steven GundyFTI 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.

Investing in Real Estate

Tue, Apr. 24, 2018

By Richard Goldstein

Richard GoldsteinSome PR pros are investing in real estate, but many don’t understand the tax rules that go along with the investment.

Publicis Reports 8.2 Drop in Q1 Revenues

Thu, Apr. 19, 2018

By Kevin McCauley

Arthur SadounPublicis 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 Unit Posts 3.3% Q1 Gain

Tue, Apr. 17, 2018

By Kevin McCauley

John WrenOmnicom'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.

Shares of Post-Sorrell WPP Dive

Mon, Apr. 16, 2018

By Kevin McCauley

Martin SorrellWPP shares plummeted seven percent in London today, the first trading day following the bombshell exit of CEO Martin Sorrell

Omnicom's Wren Takes Pay Cut, Consolidates Power

Fri, Apr. 13, 2018

By Kevin McCauley

John WrenOmnicom 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.

IPG's Top Management Takes Pay Cuts

Wed, Apr. 11, 2018

By Kevin McCauley

Michael RothInterpublic 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)

Tulchan Group Helps Unilever Move to Rotterdam

Thu, Mar. 15, 2018

By Kevin McCauley

UnileverUK'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.