NEW YORK: PR revenues at Interpublic Group have declined by 18% in the third quarter on a year-over-year basis. IPG's PR holdings include Weber Shandwick Worldwide, Golin/Harris International, and The MWW Group.
IPG also reported a 44.9% decline in its third-quarter operating profit, which fell to $74.4 million from $135 million in same quarter of 2001.
During an investor conference call last Tuesday, IPG management said that layoffs were in the future as the group attempts to reach its targeted operating margin ...