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

Interpublic Q2 Earnings: Profit Down More Than 70%

Interpublic Group reported Q2 earnings today, highlighted by a drop in profit of more than 70%. Revenue of $1.47 billion was down 19.7% compared to the same period last year. The results were worse than recent earnings reports from Omnicom Group and Publicis Groupe.

Advertising Age‘s Rupal Parekh cited CEO Michael Roth as stating the holding company’s PR agencies – Weber Shandwick and Golin Harris – were “weathering the storm well.” Indeed, Interpublic’s Constituency Management Group (CMG), which houses Golin and Weber, along with MWW Group and DeVries, reported a less drastic 24% decline in year-over-year revenues.

Mediabistro Course

Storytelling for Media Professionals

Storytelling for Media ProfessionalsLearn how to use stories to inspire, connect, and persuade your clients! In this workshop starting September 3, you'll learn how to uncover stories in everyday life, incorporate stories into your media work, use storytelling techniques with clients, all to improve your pitch and presentation skills. Register now!