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NEW YORK Hit by client cutbacks and exposure to the automotive and financial services industries, Interpublic Group today reported a first-quarter loss of $73.9 million, or 16 cents a share, compared with a loss of $69.7 million, or 15 cents a share, in the year-ago period.
Overall, revenue fell 10.8 percent to $1.33 billion. In organic terms, the decline was 5.6 percent, roughly in line with dips reported this week by its competitors Omnicom Group and WPP.
IPG’s
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