WPP CEO Martin Sorrell: 2010 Revenues Will Be Flat

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By Joe Ciarallo Comments

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Don’t expect growth from WPP in 2010, said CEO Martin Sorrell at the Reuters Global Media Summit today. Sorrell said he expects revenues for the holding company to be flat for the year.

Commenting as to whether the recession has permanently impacted consumer behavior, he stated, “I’m not sure it has but it’s going to take a long time for consumer behavior to go back to where it was.”

WPP’s PR agency holdings include Hill & Knowlton, Ogilvy Public Relations Worldwide, Burson-Marsteller and Cohn & Wolfe.

RELATED: WPP Q3: Overall Revenue Down 8.7%, PR Sector Down 8.5%