Bcom3 First Quarter Revenue Virtually Flat at $446 million

CHICAGO–Bcom3’s worldwide revenue was essentially flat for the first quarter of 2002, according to the Chicago-based holding company’s quarterly filing with the Securities and Exchange Commission.
For the first three months of 2002, worldwide revenue was $446 million, compared with $447 million for the comparable period in 2001.

U.S. revenue was down almost 1 percent to $245 million compared with $247 million for 2001. International revenue increased 0.2 percent to $201 million, compared with $200 million for 2001.
After adjusting for charges, net income for the Chicago-based advertising holding company increased 17 percent to $21 million in 2002, compared with $17 million for first quarter 2001.

Bcom3, whose holdings include Leo Burnett, D’Arcy Masius Benton & Bowles, and the Starcom Mediavest Group, is set to be acquired by Paris-based Publicis Groupe in a $3 billion deal later this year.