Earnings

LHA appoints Handelsman MD, principal

Frank Washkuch June 24, 2009

NEW YORK: Lippert/Heilshorn & Associates named Adam Handelsman MD and principal on June 23.
 

IPG to buy back $750 million in debt

Frank Washkuch June 08, 2009

NEW YORK: The Interpublic Group announced June 8 that it will buy back up to $250 million in debt this year, as well as $500 million of a total of $700 million in notes that are due in 2010 and 2011. IPG's purchase offer expires July 6, 2009.
 

WPP reports like-for-like revenue drops 6.7%

Jaimy Lee June 02, 2009

LONDON: The WPP Group reported today, June 2, that like-for-like revenue, excluding the "impact of acquisitions and currency fluctuations," decreased 6.7% for the first four months of 2009.
 

NIRI: Number of companies providing guidance declines slightly

Tonya Garcia May 22, 2009

VIENNA, VA: Results from this year's National Investor Relations Institute (NIRI) Guidance Practice and Preference survey showed only a small decline in financial and non-financial guidance from public companies during the economic recession.
 

Havas Q1 revenues fall 6% from last year

Frank Washkuch May 15, 2009

PARIS: Havas' first-quarter revenues fell 6% from the same period last year, dropping from about $467.5 million to $440.4 million. North American revenues, though, remained flat, increasing less than 1% over the year before, moving from about $154.3 million to $155.7 million.
 

Medialink reports 34.5% decrease in Q1 revenue

Tonya Garcia May 15, 2009

NEW YORK: Medialink reported $3.2 million in revenues for its first quarter, which ended March 31, 2009, a 34.5% decrease from the $4.9 million it brought in during Q1 last year. The results were in line with the company's expectations.
 

Early filers prepared for XBRL, according to study

Tonya Garcia May 12, 2009

WASHINGTON: A number of companies with a public float of $5 billion or higher have converted their financial statements to the new XBRL standards ahead of the June 2009 deadline, according to a new survey.
 

InVentiv Health reports 20% drop in communications revenues

Jaimy Lee May 08, 2009

SOMERSET, NJ: InVentiv Health reported that its communications unit saw a 20% drop in revenues for Q1 of 2009, while total revenues for the health service company fell 2%.
 

Earnings Roundup: WPP, OMC, IPG, Publicis

Tonya Garcia May 01, 2009

NEW YORK: PR firm holding companies reported across the board recession-induced declines in their earnings reports for Q1 2009 this week.
 

Publicis revenue up 1.3%, organic growth down 4.4%

Tonya Garcia April 29, 2009

PARIS: Publicis Groupe revenue for the first quarter was up 1.3%, but the company still experienced a 4.4% decline in organic growth.
 

WPP like-for-like revenues slide in Q1

Jaimy Lee April 28, 2009

NEW YORK: The WPP Group reported that like-for-like revenues for PR and public affairs dropped 6.1% in the first quarter of 2009, while overall like-for-like revenues for the London-based holding company were down by 5.8% for the same period.
 

IPG sees 13.8% decline in CMG Q1 revenue

Frank Washkuch April 28, 2009

NEW YORK: First-quarter revenue decreased 13.8% at the Constituency Management Group (CMG) division of the Interpublic Group (IPG), which contains the holding company's PR agencies. Revenue dropped to $210.4 million from $244.1 million during the same period one year ago, representing a 7% organic decrease during the period.
 

Institute for PR's revenues slip in 2008

Kimberly Maul April 24, 2009

GAINESVILLE, FL: The Institute for Public Relations revenues dropped to $834,680 in 2008, down slightly from $867,631 in 2007, the organization reported this week.
 

Strategic staffing will help mitigate talent crunch

Aarti Shah March 27, 2009

After the 2001 recession subsided, PR pros lamented the death of mid-level talent.
 

Huntsworth reports 5% organic growth in PR

Kimberly Maul March 23, 2009

LONDON: Huntsworth, parent company of Citigate and The Red Consultancy, reported 5% organic growth in its PR revenues for 2008. The group, which makes up 74% the company's overall revenue, earned $172 million in 2008 revenues, down about 3% from the $177 million it earned in 2007.
 

Pew study: Media facing continued ad crisis

Frank Washkuch March 16, 2009

WASHINGTON: This year might be the worst yet for media outlets, according to the Pew Research Center's Project for Excellence in Journalism, which expects several newspapers to fail and numerous others to cease seven-day home delivery in 2009.
 

How to avoid other industries' pitfalls

Emma Pankenier Leggat March 16, 2009

There is no imminent threat that will cause the PR industry to implode under a wake of scandals, like the banking industry in 2008 or the accounting industry in 2002.
 

Formulating incentive strategies that encourage entrepreneurship

Michael Lasky March 16, 2009

Layoffs abound across the industry. Revenue growth declined significantly for many firms in 2008 and the 2009 forecast is modest, at best.
 

EBay uses Twitter to live blog from its analyst day

Tonya Garcia March 12, 2009

SAN JOSE, CA: EBay used Twitter to live blog its March 11 analyst day, possibly the first organization to do so.
 

Being small has strategic advantages

Scott Smith March 09, 2009

Tough economic times call for increased strategic planning at all levels of business. For independent PR firms, strategic planning is often conducted at the end of a long day or sandwiched between client meetings.
 

How to keep your people focused amid a tough, volatile environment

Bob Feldman March 09, 2009

How do you keep staff focused, motivated, and engaged when their friends are being laid off, budgets are getting cut, bonuses aren't being paid out, and companies' futures are uncertain? It's not easy, and there's no simple solution.
 

Revenues jump 17% for WPP PR and PA divisions in 2008

Jaimy Lee March 06, 2009

LONDON: The WPP Group reported that revenue for PR and public affairs increased 17% to about $1.1 billion in 2008, compared to $904 million in 2007.
 

Havas' Q4 global revenues up 2%

Kimberly Maul March 02, 2009

PARIS: Havas, parent company to Euro RSCG Worldwide and Abernathy MacGregor, reported today that overall revenues increased 2% in the fourth quarter, despite a 2% decline in North America revenues.
 

Q4 revenues drop nearly 13% at IPG's CMG unit

Frank Washkuch February 27, 2009

NEW YORK: Fourth quarter revenues dropped 12.8% for the Constituency Management Group (CMG) division of The Interpublic Group (IPG), which contains the holding company's PR agencies, going to $260.7 million from $299 million in the year-ago period. For the overall year, though, which ended December 31, 2008, CMG's revenues were up 4% to about $1.1 billion.
 

InVentiv Health reports increases in Q4, 2008 revenues

Jaimy Lee February 26, 2009

SOMERSET, NJ: While InVentiv Communications reported an 18% increase in revenue for 2008, the communications unit of InVentiv Health saw a 16% drop to $73.8 million in Q4 revenues in 2008, compared to the like period in 2007.
 

Ketchum lays off 20

Tonya Garcia February 25, 2009

NEW YORK: Ketchum laid off about 20 staff across multiple levels in several of its North American offices yesterday. Ray Kotcher, CEO of the firm, confirmed the layoffs in an e-mail to PRWeek.
 

Putting your best foot forward: Taking the agency roster route

Dan Orsborn February 23, 2009

Many of us have been involved in agency searches that seek to either consolidate the current roster of firms to one AOR or to abandon an AOR for a pre-approved roster of agencies.
 

Fleishman plans staff cuts across North America

Tonya Garcia February 20, 2009

ST. LOUIS: Fleishman-Hillard is cutting staff across North America due to actual or forecasted declines in certain markets, according to Dave Senay, president and CEO of the firm.
 

Cision lays off 'less than 5%' in North America

Tonya Garcia February 13, 2009

CHICAGO: Cision, the international media monitoring and solutions company, recently laid off "less than 5%" of its North American workforce, according to Vanessa Bugasch, SVP of marketing and client services. One of those let go was Stephen Debruyn, VP of marketing for Cision North America.
 

Omnicom revenues drop, firms reassess expenses

Nicole Zerillo February 13, 2009

NEW YORK: The industry's largest holding company, Omnicom Group, was the first to deliver its Q4 results last week, and it showed a 10.2% decline in PR revenues to about $305 million.
 

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