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NEW YORK–Rivalries aside, the contrast in earnings was quite stark when Omnicom Group and Interpublic Group of Cos. revealed their second-quarter numbers last week.
IPG reported a hefty decline in net income, down 49 percent to $117.1 million for the quarter, compared with the same period a year ago. Omnicom, meanwhile, reported an impressive gain of 19 percent in net income, to $151.3 million, versus the same quarter last year.
Each company acknowledged a sluggish economy and its effect on client spending.
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