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Grey Reports $6.6 Mil. Loss in Second Quarter
NEW YORK–Grey Advertising reported a second quarter net loss of $6.6 million compared to earnings of $8.3 million a year ago, as domestic gains failed to stem continued losses overseas. For the first six months, Grey recorded a net loss of $6.5 million
versus a gain of $13.4 million. Gross billings were up
11.9 percent to $1.7 billion in the quarter, and up
8.9 percent to $3.2 billion for the half.



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