IPG Cut Loss in '05

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NEW YORK Interpublic Group today reported a net loss of $289 million for 2005, an improvement from a net loss of $558 million for the previous year. IPG ended last year with revenue of $6.3 billion, down 2 percent from 2004.

Rising professional fees, increased salary costs and client losses all contributed to the revenue decline, IPG said. Salaries and related expenses, for example, totaled $4 billion or 64 percent of revenue in 2005, compared to $3.7

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