IPG Reports 9 Percent Revenue Decline for 2002

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NEW YORK Interpublic Group’s worldwide revenue plunged 9 percent in 2002, due largely to “significant difficulties” in McCann-Erickson WorldGroup and the motor sports division of sports marketing arm Octagon, IPG said on Thursday.

“We’re very much a work in progress at Interpublic, to say the least,” said Bell, in his opening remarks to analysts on a conference call, in which he alluded to IPG’s past problems as well as his early priorities.

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