IPG: Q1 Revenue Fell 15 Percent

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NEW YORK — Interpublic Group on Thursday reported worldwide revenue of $1.4 billion for the first quarter of 2002, down 15 percent from the same quarter last year.

The company attributed the decline to lower spending by current clients, “carryover effects” of merger-related client losses in 2001 and IPG’s “disproportionate exposure” to the U.S.

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