PR & Marketing Communications News

Last Updated: Mon., Jul. 13, 2020 @ 6:07 pm

Category: Financial ManagementReturn to Latest News

LLYC Enjoys 12.4% Growth in '19

Thu, Feb. 13, 2020

By Kevin McCauley

LLYCMadrid’s LLorente & Cuenca posted a 12.4 percent gain in 2019 revenues to $47M, paced by 21 percent growth in both Spain and Brazil, its biggest markets.

IPG Posts 1.6% Spurt in Q4 Growth

Wed, Feb. 12, 2020

By Kevin McCauley

Michael RothInterpublic today reported Q4 revenue grew 1.6 percent to $2.9B, while net income was flat at $328.9M. The Golin, DeVries Global, PMK-BMC, Current Global, Weber Shandwick PR unit was "up slightly" on reported, organic basis.

Teneo Acquires Bridge in Ireland

Wed, Feb. 12, 2020

By Kevin McCauley

Declan KellyTeneo has acquired Bridge PR strategic communications and content creation shop based in Ireland's County Clare.

Omnicom PR Units Sink 3.2% in Q4

Tue, Feb. 11, 2020

By Kevin McCauley

John WrenOmnicom's PR division suffered a 3.2 percent drop in Q4 revenues to $358.3M. Organic growth declined 2.5 percent. CEO John Wren leads OMC to full-year drops in revenues, net income.

Tax Changes for 2020

Thu, Jan. 23, 2020

By Richard Goldstein

Richard GoldsteinA look at some of the tax changes that might affect your financial planning in 2020.

Sorrell Joins Circus

Thu, Jan. 9, 2020

By Kevin McCauley

Martin SorrellS4 Capital chief Martin Sorrell has acquired Mexico City-based Circus Marketing digital content shop to expand his push into Latin America.

Copley Equity Invests in Gregory FCA

Mon, Jan. 6, 2020

By Kevin McCauley

Gregory MatuskyCopley Equity Partners has taken a minority stake in Gregory FCA, the suburban Philadelphia-based firm that chalked up $9.9M in fees in O’Dwyer’s 2018 rankings.

WPP Unloads Sports Unit

Wed, Dec. 18, 2019

By Kevin McCauley

Two CirclesWPP has sold a majority stake in Two Circles data analytics and sports marketing unit to Bruin Sports Capital, media technology, live events, marketing and brand strategy company in White Plains, NY.

Huntsworth Eyes PR Growth to End Dry Spell

Tue, Dec. 17, 2019

By Kevin McCauley

Paul TaaffeHuntsworth today reported that its PR unit for the first time in several years will achieve full-year growth in 2019. The unit is projected to chart a two percent advance.

WPP Breaks into Growth Column

Fri, Oct. 25, 2019

By Kevin McCauley

WPPWPP broke into the growth column during Q3 as like-for-like revenues inched ahead 0.7 percent as CEO Mark Read works to achieve "sustainable growth" comparable to Interpublic and Omnicom by 2021.

Platinum Equity Shells Out $2.7B for Cision

Tue, Oct. 22, 2019

By Kevin McCauley

CisionPlatinum Equity, which has $19B in assets under management, is acquiring Cision for $2.7B in cash. Cision lost $7.7M on $190.4M second-quarter revenues.

IPG Posts 6.1% Q3 Growth

Tue, Oct. 22, 2019

By Kevin McCauley

Michael RothInterpublic CEO Michael Roth today reported a 6.1 percent rise in Q3 revenue to $2.4B and a 2.9 percent jump in net income to $165.6M. (Updated)

New Revenue Recognition Standards in 2019

Mon, Oct. 21, 2019

By Richard Goldstein

Richard GoldsteinThe Financial Accounting Standards Board has introduced recent changes to Revenue Recognition Standards that may affect privately-owned PR firms. Additionally, the Tax Cuts and Jobs Act offers new benefits to 529 plans, which provides useful higher education savings.

Publicis Q3 Organic Revenues Fall 2.7%

Fri, Oct. 11, 2019

By Kevin McCauley

PublicisPublicis Groupe's Q3 organic revenues dropped 2.7 percent as the French ad/PR combine turned in a worse than anticipated performance. CEO Arthur Sadoun says his firm is taking some hits now for a stronger future.

Ruder Finn Gobbles Up $5M SPI Group

Thu, Sep. 19, 2019

By Kevin McCauley

Kathy BloomgardenRuder Finn has acquired SPI Group, the Jersey-based shop that ranked No. 17 in O’Dwyer’s 2018 healthcare rankings with fees of $5M.

Business Travel Expenses

Wed, Sep. 18, 2019

By Richard Goldstein

Richard GoldsteinA breakdown of current federal tax rules regarding reimbursement for business travel expenses.

Finn Partners Acquires Health Specialist Lazar

Wed, Sep. 4, 2019

By Kevin McCauley

Finn Partners & Lazar PartnersFinn Partners has acquired Lazar Partners, a 22-member high-science firm that serves clients in the digital, technology, media devices and pharma categories.

Broadhead Snaps Up Kohnstamm Communications

Wed, Sep. 4, 2019

By Kevin McCauley

Josh KohnstammBroadhead, which bills itself as the No. 1 independent marketing agency in Minnesota, has acquired Kohnstamm Communications, which reported $2.3M in 2018 fees to O’Dwyer’s rankings.

China's Blue Focus Refocuses International Push

Fri, Aug. 23, 2019

By Kevin McCauley

Blue FocusChina's Blue Focus Intelligent Communications Group is merging its international units into Legacy Acquisition Corp., a Big Board-listed $300M special purpose acquisition company. (1 reader comment)