NEW YORK: Omnicom Group's PR business provided revenues of about $305 million in the fourth quarter ending December 31, 2008, a 10.2% decrease from last year's same period. PR revenues in the fourth quarter contributed 9% to the holding company's overall earnings. Advertising revenues, which make up the bulk of the holding company's earnings, dropped 7.6% in Q4.
During the earnings call, Omnicom EVP and CFO Randall Weisenburger said PR was “continuing to experience general softness,” a similar comment he made in respect to ...