IPG, Like Many Others, Suffering from Severe Lack of Income

According to The Wall Street Journal, Interpublic Group of Cos. reported a 71% drop in second-quarter profit.
The New York-based parent company of DraftFCB and McCann-Erickson reported earnings of $27.8 million, down from $95.1 million a year earlier.
Interestingly, the paper seems to be taking the news in stride. There’s no big article, no line of questioning, tough or otherwise. Maybe it’s up to the bloggers to do the heavy lifting now. I definitely know one guy who’s up to the task.
The fact is no one’s going to cry for IPG or Omnicom or the rest. Many people in the industry feel that consolidation was a horrible idea from the get go.

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