According to Adweek, Omnicom–the world’s largest advertising holding company, with BBDO, DDB, TBWA, OMD and PHD, among others on the roster–is making good money. Omnicom’s fourth-quarter net income rose more than 13 percent to $314 million on a 12.7 percent increase in revenue to $3.62 billion, compared to the same period a year ago. CEO […]
Matthew Creamer of Ad Age speculates on an ownership struggle at Crispin. This year, MDC Partners has the option to raise its stake in Crispin from 49% to 60%, according to financial filings. In 2008, the stake could be increased to 77%. MDC has deferred these options in the past and could do so again. […]
I know our friend George Parker has an opinion or two about the CEO of WPP, but how did Sorrell get to be one of the most powerful people in the advertising industry? Here’s a good overview of Sorrell’s background, which is in the news again as he’s currently involved in a pretty nasty lawsuit […]
“We’re turning Interpublic into a real company.” So says Michael Roth, CEO of Interpublic. Ad Age has the full report on what Roth said today at a media-industry conference.
Over at Adweek they’ve printed the 10 finalists in the Wal-Mart review, said to be worth approximately $570 in billings per year. In addition to the two incumbents, GSD&M and Bernstein-Rein, the others include…are you ready for this? WPP Group’s Ogilvy & Mather and JWT, both in New York; Publicis Groupe’s Publicis and Saatchi & […]
According to New York Post, WPP Group is unraveling Red Cell, the mixed bag of agencies it tried to knit together in 2001 into a worldwide network. The move comes on the heels of Coca-Cola’s decision to shift creative duties on its North American ad account for its namesake brand from WPP’s Berlin Cameron/Red Cell […]
There’s a Cowboy Junkies song that goes, “Good news always sleeps ’till noon.” So when IPG posts its restated financial figures for the last 4 years on its website, they’re going to post them at 6 in the morning on Friday. That can’t be good, can it?
The New York Times: The Publicis Groupe has approached a competitor, the Aegis Group, to discuss a possible takeover bid valued at around £1.56 billion, or about $2.8 billion, people close to the companies said yesterday. One person cautioned that the talks between the two advertising companies were preliminary, but a takeover would accelerate the […]
Brokerage firms are almost always eternal optimists when it comes to stocks. Even if they don’t like a stock, they’ll trot out a euphemism like “sector underperform” or “underweight” when they recommend dumping the stock but can’t really say that due to corporate politics. So you know this is serious: Merrill Lynch on Thursday downgraded […]
From Ad Age: WellPoint, the nation’s largest health insurer, has awarded its advertising account to Publicis Groupe’s Publicis & Hal Riney, San Francisco, two executives familiar with the review said. Hal Riney won the pitch against three WPP Group agencies, each of which fielded an integrated “best of class” team from across network offices. Y&R […]