NEW YORK: Holding companies Publicis Groupe, WPP, and The Interpublic Group (IPG), all reported positive third quarter earnings results last week, but they predicted a future softening due to the down economy.
“In this context, we believe our industry will face a difficult end of 2008 and a marked slowdown in 2009,” Maurice Levy, CEO of Publicis, said in the earnings statement.
Publicis, which does not separate PR results, reported $1.39 billion in consolidated revenue for the third quarter ending September ...