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| John Wren |
Omnicom’s PR unit suffered a 4.9 percent drop in Q1 revenues to $317.5M. It posted 3.5 percent in negative organic growth.
The FleishmanHillard, Portland, Mercury, Cone, Marina Maher Communications, and Ketchum operation generated 9.3 percent of Omnicom’s $3.4B revenues.
Omnicom CEO John Wren blamed the ongoing COVID-19 crisis for the ad/PR giant’s 1.8 percent negative organic growth.
Noting that the effects of the pandemic appear to be moderating in several of Omnicom’s markets, Wren anticipates positive revenue growth beginning in Q2 and for the full year.
Omnicom reported a 10.8 percent boost in Q1 profit to $465.4M on a 0.6 percent rise in revenues.
QVC Group is using Joele Frank for strategic communications as the TV home shopping pioneer declares Chapter 11.
Publicis Groupe reported 4.5 percent Q1 organic growth in net revenues to $4.1B despite the volatile macro environment.
PondelWilkinson, the Los Angeles-based IR and strategic communications shop, has expanded to the East Coast by adding Anreder & Company veterans following the retirement of principal Steven Anreder.
Teneo represents American Ocean Minerals Corp as its merges with NASDAQ-listed Odyssey Marine Exploration to create a $1B deep-sea critical minerals research and mining platform that is under US-control.
Kekst CNC represents Cleveland-based Everstream as the business-only fiber network receives bankruptcy court approval for the sale of almost all of its operations to Bluebird Fiber for $385M.
