Fourth-Quarter Profit Improves at Grey Global

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NEW YORK Grey Global Group, boosted by a10.5 percent increase in revenue, posted a profit of $9.5 million, or $6.27 a diluted share, in the fourth quarter compared to a loss of $28.6 million, or $21.88 a share in the year-ago period.

For the year, Grey reported net income of $18.3

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