TVNewser TVSpy LostRemote SocialTimes AllFacebook FishbowlNY FishbowlDC PRNewser 10,000 Words GalleyCat UnBeige MediaJobsDaily

Roth And IPG Start Playing By The Rules

michaelrothipg2007.jpg

Fresh off the presses – more advertising agencies are posting positive results. Interpublic has righted some accounting issues and posted a fourth-quarter net up 5.6%. From CNN Money:

“The New York advertising and marketing services company reported net income of $178.4 million, or 31 cents a share, up from $69.1 million, or 11 cents a share, a year earlier. Prior-year results included an $80.8 million debt-exchange charge.”

Why? The company kept their operating costs flat and cited increased spending from existing clients and the addition of a few new accounts. Next year, maybe we’ll see Jay-Z, Translation, adding to their bottom line. IPG has also become compliant with Sarbanes-Oxley standards. Just like Sorrell of WPP, Roth also said he did not expect a “pullback” in 2008, though 2009 could be tough. Good. Roth is setting the IPG ship back on course. Let’s see what he can do given another good business year.

Mediabistro Course

Here Are All the Black People

Here Are All the Black PeopleOn September 24, land your dream job in advertising and design at the premier multicultural career fair taking place at the Metropolitan Pavilion in NYC. Workshop your portfolio, attend mentoring sessions, learn from industry leaders, network with your peers, and most importantly, launch your career. Register now!