 Luke Lambert |
G&S Business Communications has acquired CooperKatz & Co. to more than double its New York fee income base to the $11M range.
Ralph Katz, CK co-founder, will become executive VP of G&S to expand its integrated business model with a focus on paid programming.
Anne Green, CK president & CEO, will take the helm of the 65-member NYC office. She will succeed managing director Audra Hession, who will now lead the beefed-up corporate and reputation management practice.
Luke Lambert, CEO of G&S, said the deal will “help power a culture of growth for our clients, employees and business.”
Katz, who noted that the two firms share similar a culture and values, “can’t imagine a better strategic fit for this next chapter in our agency’s evolution." Rick Gould, head of Gould+Partners, represented CK in the deal.
G&S recorded $27.3M in fees last year with $5.3M of that amount coming from New York. CK had $5.6M in 2017 fees.
Edelman is laying off 330 people (5.3 percent of its workforce) to cope with an anticipated eight percent shortfall in 2024 US revenues, and client demand for one-stop shopping for speciality services.
ICR has unveiled comprehensive brand update intended to provide a single, unified global identity across the firm’s core offering.
An annual industry survey suggests that PR firms are doing more with less, and that agencies’ largest clients are now accounting for an increased percentage of their total business.
Burson today officially launched its new brand and client offerings to complete the merger of BCW and Hill & Knowlton.
DJE Holdings, parent of Edelman and Zeno, launches RUTH as an independent shop named after Ruth Edelman, mental health advocate, wife and longtime business partner of Dan Edelman.
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