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NEW YORK WPP Group today reported a 5.8 percent drop in like-for-like revenue — which excludes revenue from acquisitions such as its October 2008 purchase of research giant TNS — for the first quarter of 2009. The London-based holding company attributed the drop to cuts in recession-motivated client spending. Overall revenue for the quarter totaled slightly less than $3.1 billion.
By region, North America was affected most by the recession, with like-for-like Q1 revenue down 9.2
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