Hotline

Donovan Group to Shutter Operations

BOSTON—After a dozen years on the New England agency scene, the Donovan Group is closing its doors. Chief executive Michael Donovan said the shop in Watertown, Mass., has trimmed its staff—believed to have been about 50 when the year began—to an undisclosed “administrative level” as it winds down operations. Donovan attributed the impending demise to “a sudden drop in income” but did not elaborate. As of press time, the agency had not filed for protection under the federal-bankruptcy statutes.