from Lewis Lazare: In another hard blow to the Chicago advertising industry, Grant/Jacoby, one of the city’s oldest ad agencies, is believed to be on the verge of closing its doors for good, another apparent victim of the plague of bad management that has cast a pall over more than one shop in this city in recent years.
News of the agency’s likely demise saddened those familiar with its long history. Over the decades, the mid-size shop, which in its heyday had billings of around $80 million, worked with some good clients, including Navistar, S.C. Johnson, Culligan and Roto Rooter.
It could not immediately be determined exactly how many employees would be affected by the shutdown, but one source believed as many as 25 people were still employed at the agency.
