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| John Wren |
Omnicom CEO John Wren reported today a 5.3 percent drop to $337.2M in Q3 PR revenues, and a 3.8 percent dip organically.
The Mercury, Ketchum, Porter Novelli, FleishmanHillard and Marina Maher Communications-led group posted a 4.2 percent decline $1B in nine-month revenues and a 1.9 slide on an organic basis.
OMC suffered a 2.4 percent drop in overall revenues to $3.6B, a slippage that Wren attributes in part to the negative impact of foreign currency translation and a decrease in acquisition revenue, net of disposition revenues.
Net income was off 2.9 percent during the quarter to $290.2M.
WPP shares have been dropped from the London Stock Exchange’s prestigious FTSE 100 index as its stock market price has plunged by two-thirds this year.
Public Policy Holding Company registered 23.8 percent Q3 growth to $48.8M, with organic growth contributing 4.5 percent and the balance driven by merger & acquisition activity.
Publicis Groupe reported 3.1 percent in Q3 growth to $4B, sparked by a 3.6 percent jump North America, its biggest market.
WPP suffered a 10.2 percent drop in 1H revenues to $6.7B and a 47.8 percent plunge in operating profit to $297M.
Interpublic reported Q2 net revenues dropped 6.6 percent to $2.2B and operating income tumbled 23.4 percent to $243.7M. 
