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Topic: Interpublic Group

OppenheimerFunds' Search for an Agency Takes an Unusual Turn

Marketer calls off final pitches to focus on one finalist

A funny thing happened on the way to final presentations in OppenheimerFunds' creative review: the pitches were called off, according to sources. Why? Because three weeks ago Oppenheimer executives saw something…

Publicis Groupe Blames Weak Q3 on Merger Distractions

Organic growth rose just 1%

Publicis Groupe had another weak earnings period in the third quarter, as chief Maurice Lévy alluded to the company’s failed $35 billion merger with Omnicom and admitted "management was too…

Interpublic's Net Income Nearly Doubled in Q3

Gain comes amid revenue growth of 8%

Interpublic Group's net income nearly doubled in the third quarter, as revenue grew by 8 percent. The holding company ended the quarter with $1.84 billion in revenue and net income of…

Here’s How We Size Up the Potential Bidders for IPG

Elliott Management's stake fuels the chatter

The lull following Elliott Management becoming Interpublic Group’s third-largest shareholder has been filled in recent weeks with swirling rumors about who might buy the No. 4 holding company. The banter persists…

UM Gets a New U.S. President

Kasha Cacy shifts from chief product officer role

UM has a new head of U.S. operations. Insider Kasha Cacy today succeeds Sarah Personette as U.S. president, as Personette exits following maternity leave to become the head of global business marketing…

Elliott Management Takes Significant Stake in IPG

Hedge fund now owns 6.7 percent of common shares

Interpublic Group now has a new major shareholder in Elliott Management, which disclosed today that it had amassed nearly a 7 percent stake in the No. 4 holding company. After months…

IPG's Net Income More Than Tripled in the First Half

Q2 revenue growth helps drive results

Interpublic Group's net income more than tripled in the first half of the year, thanks to solid revenue and earnings growth in the second quarter. Second-quarter net income grew 24 percent to $99.4 million, from…

Jacki Kelley Leaves IPG for Bloomberg Media

Becomes COO for media

Jacki Kelley is heading back to the sell side of media. Kelley, the former North American CEO of IPG Mediabrands, a group that includes media buying agencies like UM and Initiative,…

Johnson & Johnson Shifts Media Buying Business to OMD

Spending approaches $1 billion annually

In a significant shift, Johnson & Johnson’s U.S. media buying business is leaving a unit that Interpublic Group created for J&J seven years ago. Omnicom Group’s OMD is inheriting the assignment…

IPG CEO Michael Roth Defends His Pay

Says it's comparable or less than what competitors make

Interpublic Group CEO Michael Roth today defended his compensation as mid-tier compared to his competitors. Roth, speaking at IPG's annual shareholder meeting in New York, received $11.7 million in salary, stock,…

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