The Inside News of PR & Marketing Communications

Last Updated: Wed., Aug. 21, 2019 @ 12:01 am

Category: Financial ManagementReturn to Latest News

WPP Gets Bidders for Kantar

Tue, Mar. 19, 2019

By Kevin McCauley

KantarBlackstone Group and Advent buyout funds are in the hunt to buy a majority stake in Kantar, WPP's big data analytics firm, A transaction would value Kantar in the $5B range.

Sorrell Retains WPP Bonus

Mon, Mar. 18, 2019

By Kevin McCauley

Martin SorrellWPP has decided not to contest the $2.8M payment that former CEO Martin Sorrell is entitled to under the company’s long-term incentive plan.

Mark Penn Takes Command of MDC

Fri, Mar. 15, 2019

By Kevin McCauley

Mark PennMark Penn has assumed the helm of MDC Partners as his Stagwell Group agrees to pump a $100M equity infusion into the financially strapped ad/PR company.

Stagwell's Penn Eyes MDC

Fri, Mar. 8, 2019

By Kevin McCauley

Mark PennStagwell Group chief Mark Penn is negotiating to assume the helm of MDC Partners and take an investment stake in the troubled ad/PR firm.

Huntsworth's PR Unit Revenues Slip 5%

Tue, Mar. 5, 2019

By Kevin McCauley

Paul TaaffeHuntsworth's PR revenues dipped five percent in 2018 to $95M and profits plummeted 14.2 percent to $7.8M following a reorganization charge. CEO Paul Taaffe says health-focused Huntsworth remains committed to PR unit.

Bell Pottinger's Henderson On the Hook

Wed, Feb. 27, 2019

By Kevin McCauley

James HendersonFormer Bell Pottinger chief James Henderson told to repay $525K in profits that were wrongly taken from the firm that collapsed following its racist campaign in South Africa. (1 reader comment)

AICPA Crowns King

Tue, Feb. 19, 2019

By Kevin McCauley

AICPAThe American Institute of CPAs has hired FleishmanHillard alum Kathy King as senior director of PA, advocacy and media.

IPG Posts 13.3% Surge in Q4 Growth

Wed, Feb. 13, 2019

By Kevin McCauley

Michael RothInterpublic today reported a 13.3 percent rise in Q4 net revenues and an 8.5 percent jump in operating income to $459.1M. (2 reader comments)

OMC Q4 Revenues Slide 2.2%

Tue, Feb. 12, 2019

By Kevin McCauley

John WrenOmnicom CEO John Wren today reported Q4 revenues dropped 2.2 percent to $4.1B on flat operating profit of $627M. The FleishmanHillard, Ketchum, Porter Novelli-led PR group dipped 0.7 percent to $370M.

Finn Captures Small Army of Digital Pros

Thu, Feb. 7, 2019

By Kevin McCauley

Small ArmyFinn Partners has acquired Small Army, a Boston-based 45-member integrated marketing shop focused on health, financial, technology and travel sectors.

Publicis Group Reports Flat 4Q Performance

Thu, Feb. 7, 2019

By Kevin McCauley

Arthur SadounPublicis Groupe CEO Arthur Sadoun reports 4Q revenues inched ahead 0.4 percent to $2.8B to wrap up what he calls “a productive year” for the French ad/PR holding company.

New Tax Benefit for PR Agencies?

Fri, Feb. 1, 2019

By Richard Goldstein

Richard GoldsteinSeveral changes to the tax code may offer deduction opportunities for PR agencies. (1 reader comment)

 

WPP Unloads Richard Attias & Assocs.

Thu, Jan. 31, 2019

By Kevin McCauley

Richard AttiasWPP has unloaded its minority stake in Richard Attias & Assocs., strategic consultancy and events firm that organized the controversial "Davos in the Desert" in Saudi Arabia last year. (1 reader comment)

Next 15 Reports Robust Organic Growth

Tue, Jan. 29, 2019

By Kevin McCauley

Richard EyreNext 15 Communications Group enjoyed robust organic growth during the second half of fiscal 2018, according to its trading update released today.

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.

 

Sorrell’s 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)