The Inside News of PR & Marketing Communications

Last Updated: Mon., Oct. 14, 2019 @ 4:04 pm

Category: Financial ManagementReturn to Latest News

Publicis Acquires Epsilon for $4.4B

Mon, Apr. 15, 2019

By Kevin McCauley

Arthur SadounPublicis Groupe is acquiring Alliance Data's Epsilon unit for $4.4B in bid to become "a leader in the data-led, digital-first world."

MMGY Acquires Digital Spring

Thu, Apr. 11, 2019

By Steve Barnes

digital springMMGY Global has acquired Digital Spring, a London-based content, media and creative solutions agency for travel and tourism brands.

Accenture Acquires Droga5

Wed, Apr. 3, 2019

By Kevin McCauley

David DrogaConsulting giant Accenture is buying creative advertising powerhouse Droga5 in a deal that will reshape the marketing communications landscape. Transaction is part of Accenture's push "to improve full human experience with brands."

Next 15's PR Group Slips 1.1%

Tue, Apr. 2, 2019

By Kevin McCauley

Richard EyreNext Fifteen Communications Group reported a 1.1 percent dip in PR revenues to $173.2.M for the 12-month period ended Jan. 31, a year of restructuring that featured the merger of tech firms Text100 and Bite to form Archetype.

Marx Group Merges with Eisbrenner PR

Fri, Mar. 29, 2019

By Kevin McCauley

Marx EisbrennerMarx Group (marketing communications) has merged with Eisbrenner PR to form Marx Buscemi Eisbrenner Group to bolster its strong position in the Midwest automotive, trucking, technology and consumer products sectors.

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)