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Posts Tagged ‘Michael Roth’

Updated: IPG Reports Revenue Gain, Net Loss of $45.9 Million

Interpublic Group, home to Weber Shandwick, GolinHarris, and other PR and advertising agencies, reported first quarter revenue of $1.51 billion, an increase from $1.47 billion in 2011. Organic growth was 2.8 percent.

The company’s operating loss was $39.4 million, a decrease year-over-year from $45.3 million, showing improvement. Net loss was $45.9 million versus $48.1 million in 2011. The Wall Street Journal reports that  ”in February Standard & Poor’s raised its rating outlook on Interpublic to positive from stable, citing the company’s progress toward improving profitability and credit metrics.”

Harris Diamond, the CEO of IPG’s Constituency Management Group (CMG), housing the company’s PR firms, says its figures were strong with organic revenue at 8.6 percent and overall growth at 10 percent.

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IPG PR Firms Show 10.8 Percent Organic Growth in Q3

Interpublic Group announced its Q3 earnings this morning, reporting 11.1 percent revenue growth in Q3 for a total of $1.73 billion. Organic revenue growth was 8.7 percent — 10.1 percent in the U.S. and 6.7 percent abroad. Operating income for the quarter was $173.2 million versus $100.2 million for the same time in 2010.

For the first nine months, revenue totaled $4.94 billion compared to $4.5 billion for the same period in 2010. Organic revenue increase was 7.5 percent and operating income was $301.9 million. Operating income was up from $218 million compared to the same time last year. Adweek credits the investment in Facebook for the results, which were better than expected.

IPG’s PR firms include GolinHarris, Weber Shandwick, and DeVries Public Relations. We spoke with Harris Diamond, CEO of the Contingency Management Group that houses the PR firms, which saw 10.8 percent organic growth for the quarter and 8.8 percent year-to-date organic growth.

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IPG Sells Half Its Stake in Facebook for $133 Million

Interpublic Group, home to advertising agencies like McCann Erickson Worldwide and PR firms including GolinHarris, Carmichael Lynch Spong, and Weber Shandwick, has sold half of its stake in Facebook for $133 million. The company first invested in Facebook in 2006.

“Facebook has since become a part of daily life for hundreds of millions of people around the world. Its ubiquity has meant the strategic value of our initial investment has moderated, while the financial value of that stake appreciated significantly,” IPG CEO Michael Roth said in a statement.

The same press release also announced a share repurchasing program. IPG stock closed on Friday at $8.64 per share.  Our colleagues at AllFacebook also have details about the sale.

IPG Reports 9.3 Percent Organic Growth in Q1, Strong PR Showing

Interpublic Group keeps the positive earnings trend going with 9.3 percent organic growth reported in Q1 2011. Revenue totaled $1.47 billion for the quarter, a 10.3 percent increase year-over-year.

According to Harris Diamond, CEO of IPG’s Constituency Management Group, it was a “terrific quarter” for IPG’s PR firms (a sentiment expressed during this morning’s earnings call). The company’s PR agencies include Weber Shandwick, GolinHarris, and Carmichael Lynch. There was year-over-year organic growth of eight percent, with, according to Diamond, “strength in the U.S. and Asia.” He also said things were “turning positive” in Europe.

Overall, IPG reported 8.8 percent organic growth in the U.S. and 10.2 percent internationally.

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IPG’s Harris Diamond: Opportunities for the PR Industry Abound

Interpublic Group’s earnings continue the positive streak, with the company announcing Q4 2010 organic revenue growth of 11.2 percent and full year organic revenue growth of seven percent.

Fourth quarter revenue totaled $2.01 billion versus $1.80 billion in Q4 2009. Increases were tallied around the world, with the U.S. showing organic growth of 13.1 percent. Operating income was $330.7 million for the quarter versus $268.0 the previous year, with operating margin at 16.4 percent for the quarter compared to 14.9 percent the previous year.

For the year, revenue was $6.53 billion versus $6.03 billion in 2009. Operating income was $548.7 million compared to $341.3 million in 2009. For the full year 2010, the operating margin was 8.4 percent versus 5.7 percent in 2009.

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IPG Reports 9.4 Percent Organic Growth

Interpublic Group reported earnings growth today, with third quarter revenue totaling $1.56 billion compared to $1.43 billion for Q3 2009. Organic revenue increased 9.4 percent versus the previous year, with organic growth increasing 10 percent in the U.S. And operating income jumped from $58.3 million in Q3 2009 to $100.2 million for the quarter in 2010.

Revenue for the first nine months totaled $4.52 billion compared to $4.23 billion in 2009. There was a 5.2 percent organic revenue increase year-over-year, and operating income for the first nine months of the year was $218 million compared to $73.3 million in 2009.

“Though macro uncertainty remains, both domestically and internationally, we are confident that we can deliver on our operating margin target of greater than 8% in 2010,” said IPG chairman and CEO Michael Roth in a statement.

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IPG Q2: PR Revenue Up 6.7%

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Interpublic Group of Cos.’ (IPG) posted solid Q2 earnings today, beating analyst expectations. The holding company reported profit of $82.5 million, up from $27.8 million from the same period last year.

Revenue increased almost 10% to $1.62 billion. In Q1 2010, IPG reported slightly increased revenue, but also a loss of $64.6 million.

The Constituency Management Group (CMG), which houses Golin Harris, MWW Group and Weber Shandwick reported revenue of $ 242.0 million, up 6.7% from the $226.2 million reported for the same period in 2009, and up approximately 9% from the $221.8 million reported in Q1 2010.

CMG revenues for the first half of the year were $463.8 million, up 6.2% compared to $436.6 million for the first half of 2009.

“At CMG, we are fortunate to have exceptional agencies such as Weber Shandwick and Golin Harris in the PR space that consistently deliver great thinking and programs to our clients. Our results demonstrate that we are winning share in this space. We are also seeing a great deal of digital activity in PR and all of the marketing services agencies within CMG are building best-in-class social media and word-of-mouth practices,” said IPG CEO Michael Roth on a conference call.

“What we’re seeing is a real return to growth,” said Harris Diamond, Weber Shandwick and CMG CEO in an interview with PRNewser today. “These numbers far exceeded what I would have projected in December,” he said.

Diamond also added that growth still came primarily from existing clients, although new business started to pick up in the latter part of May into June. He also added that social media is “driving a large part of incremental spend” by clients.

We’ve posted the company’s investor presentation after the jump.

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IPG Q4: PR Division Revenue Down 6.5%

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The Interpublic Group of Companies Inc. (IPG) reported fourth quarter and full year 2009 results today. Fourth quarter profit fell 38% to $129.4 million, from $209.8 million over the same period in 2008.

Full-year profit of $93.6 million, is only about a third of the $265 million profit IPG reported in 2008.

IPG’s Constituency Management Group (CMG), which houses Golin Harris, MWW Group and Weber Shandwick, saw a 16% decline in yearly revenue to $915.1 million, from $1.09 billion in 2008. However, Q4 saw only a 6.5% revenue decline, compared to 14% in Q3. CEOs for the aforementioned agencies were not available for comment as of the time of this post. Inclement weather in the Northeast led to MWW Group’s offices being closed today.

“We think that the worst of the recession’s impact on our business [has passed]. Economic conditions appear to have stabilized, and we believe we should see improvement during the course of 2010,” said IPG CEO Michael Roth on a conference call this morning.

Interpublic CEO: Economic Recovery Won’t Bring ‘Huge Amounts’ of New Hires

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Interpublic Group CEO Michael Roth predicts “the second half of ’10 will be better than the first,” however he cautioned an audience at the 37th annual Global Media and Communications Conference sponsored by UBS today that a recovery won’t bring back all of the 5,500 jobs IPG shed over the past year.

“We believe as the recovery comes we don’t have to add huge amounts of people” he said, while adding, “we will recruit if needed.” Roth did say that things are improving, although he is being cautious. Interpublic PR holdings include Golin Harris, MWW Group and Weber Shandwick.

Advertising Week Opening Night: “It’s Not Just the Ad Trades Anymore”

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AOL CEO Tim Armstrong, Fox Interactive head Jonathan Miller, R/GA founder Bob Greenburg, Interpublic CEO Michael Roth, Crispin Porter and Bogusky’s Chuck Porter, and many more we didn’t immediately identify were on hand for Advertising Week’s Opening Gala last night. (We were on AgencySpy’s turf, after all.)

The event moved this year to Times Square from Rockefeller Center. Bonus: use of giant flat screen in Times Square. Minus: The opening video played on the flat screen had an error and instead just showed random images of the crowd and podium.

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Sunshine & Sachs, who is handling all PR for Advertising Week, had a team on hand, including partner Shawn Sachs. One S&S employee told PRNewser that the “Crash Test Dummies” costumes (pictured above alongside other brand icons in the Madison Avenue Advertising Walk of Fame portion of the event) were actually filled by S&S staffers. She was kind enough not to reveal their identities.

PR man (he still runs an agency, Plesser Holland Associates) turned video blog founder (Beet.tv) Andy Plesser had his video gear set up in the middle of it all. After the Time‘s Stuart Elliott declined him an interview, Plesser was quick to remind us that Beet.tv is up for an OMMA Award in the “Video-sharing” category. He said the site is doing “more original video than just about anyone as far as I can tell,” with 150,000 video views a month and recently inked distribution deals with TechCrunch and Huffington Post.

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Back to Sunshine & Sachs – the agency found itself managing yet another busy day of events. Sachs informed us that Ken Sunshine was at another client function, a ribbon cutting at the new permanent site for the Frank Sinatra school of arts featuring Tony Bennett and Susan Benedetto. S&S also managed a press conference for the innovative $1M Netflix contest, which pitted teams of engineers in a three-year contest to improve the site’s movie recommendation system. The press conference drew coverage in hundreds of outlets.

Sachs told PRNewser, “Companies announcing news around it [Advertising Week] is a vital sign that you have a living event.” Heather Lylis, who runs the Advertising Week account for Sunshine & Sachs said they had registered more than 200 press and that people had flown in from across the country. “It’s not just the ad trades anymore,” she said, citing involvement from CNBC, Bloomberg, BusinessWeek and The Wall Street Journal.

[Photo Credit: Matt Van Hoven]

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