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Interpublic, in a call to investors today, explained its disappointing third-quarter results by explaining challenges in the troubled Eurozone and significant new-business investments at the company year to date. While analysts focused on those reasons for IPG’s shortfall, they were oddly quiet about the impact of the pending Publicis-Omnicom merger that is about to transform the competitive landscape for players like Interpublic.
It was near the end of the session’s question-and-answer period when it came up: Interpublic CEO Michael Roth was asked whether that transaction is proving to be an opportunity for his company to hire execs from those rivals.
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