What Recession? WPP and IPG Report Earnings
We reported earlier this week about how the “big three” holding companies in the ad/pr/marcom world would do this earnings season. Well, it’s turning out they all did pretty well.
We already know that Omnicom reported a 12.9% net income gain, and numbers are looking good for both WPP and IPG, both of whom reported today.
WPP announced a revenue growth of 5%, but still warned that a “‘slowdown'” although not a recession, would probably be hard to avoid in 2009 as a new US government might cut spending.”
Meanwhile, Interpublic Group reported,
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