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Posts Tagged ‘John Wren’

Publicis and Omnicom Join to Create Agency Supernova, Inspire Twitter Jokes

This weekend we moved a step closer to The Singularity as the world’s two largest PR/marketing/advertising groups announced plans to join, creating one unstoppable media megalith that will easily pass WPP to become the biggest, most powerful group in the history of big, powerful groups.

Together, Publicis and Omnicom include agencies from Saatchi & Saatchi and Leo Burnett to BBDO and DDB Worldwide.

On Saturday and Sunday the two companies confirmed the move and released statements from co-CEOs Maurice Levy and John Wren, who made a public appearance together; Levy said the merger started as “almost a joke” six months ago. One thing the pair didn’t do was secure the Twitter handles @OmnicomPublicis or @PublicisOmnicom, a fact that allowed a couple of industry wise guys to have a bit of fun in the wake of the announcement:

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Omnicom’s PR Revenue Grew 6.5 Percent in Q1

Omnicom earnings announcement for Q1 2012 showed an overall 6.5 percent revenue growth for the company’s PR business during the quarter, totaling $306.9 million. Organic growth was 4.4 percent for the quarter. PR accounts for 9.3 percent of Omnicom’s total revenue. Omnicom’s PR firms include Ketchum, Fleishman-Hillard, and Porter Novelli.

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Omnicom Q1: Profit Down 0.7%; PR Revenue Up 5.9%

Omnicom-Q1-2010

Omnicom (NYSE: OMC) reported a 0.7% decline in Q1 2010 profit to $163.4 million, from $164.5 million in the first quarter of 2009. Worldwide revenue for Q1 2010 increased 6.3% to $2,92 billion, from $2,74 billion in Q1 2009.

PR revenue increased 5.9% year over year to $275.5 million. Organic PR revenue growth, which excludes revenues gained by acquisition, increased 2.4%.

“The general business environment continues to stabilize and improve,” said Omnicom chief executive John Wren on a conference call this morning. “Areas such as CRM and PR showed fairly strong organic growth,” he said.

While Wren said the company is expressing “cautious optimism,” he reminded that they’re not out of the woods yet. “You will have to become more productive in beginning of recovery, until the client is comfortable that the recovery is fully in place, when they increase their fee again, and we’re in that period right now,” he said.

The report slightly beat analyst expectations. Full release after the jump.

RELATED: Omnicom Q4: Profit Down 15%, PR Revenue Down 8.5%

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