WPP Q3: Overall Revenue Down 8.7%, PR Sector Down 8.5%

WPP Group (WPPGY), the largest of the major holding agencies, reported Q3 earnings today. Revenues in the Public Relations and Public Affairs were down 8.5% in Q3 on a like for like basis, to $312.6 million. This is a “relative improvement” the company said in a statement, after a 9.7% drop in the second quarter.

Overall revenues were down 8.7% on a like for like basis. On a non like for like basis, which takes into account the WPP’s acquisition of media intelligence company TNS, revenues were up 16%.