TITLE

Big gain in quarter for top holding companies

AUTHOR(S)
Cardona, Mercedes M.
PUB. DATE
May 2000
SOURCE
Advertising Age;5/1/2000, Vol. 71 Issue 19, p4
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the financial performance of top agency holding companies, such as Omnicom Group, Interpublic Group of Cos. and WPP Group, for the first quarter of 2000. The conglomerates each reported strong new-business gains and double-digit revenue growth for the quarter. According to analyst Lauren Fine, a large portion of the revenue increases came from account growth, not acquisitions. Omnicom's revenue increased from $1.15 billion to $1.38 billion in 1999. Interpublic's revenue increased from $908 million to $1.1 billion. And WPP Group's revenue increased to $879.3 million.
ACCESSION #
3059506

 

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