IPG Q4: PR Division Revenue Down 6.5%
The Interpublic Group of Companies Inc. (IPG) reported fourth quarter and full year 2009 results today. Fourth quarter profit fell 38% to $129.4 million, from $209.8 million over the same period in 2008.
Full-year profit of $93.6 million, is only about a third of the $265 million profit IPG reported in 2008.
IPG’s Constituency Management Group (CMG), which houses Golin Harris, MWW Group and Weber Shandwick, saw a 16% decline in yearly revenue to $915.1 million, from $1.09
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