The 5 stories PR pros need to know on Wednesday morning, 4.27.2016

Holding company chiefs sound off on PR; Clinton, Trump win big in East Coast primaries; Mitsubishi sales plummet;

Omnicom Group CEO John Wren was one holding company leader who spoke with PRWeek about the state of PR
Omnicom Group CEO John Wren was one holding company leader who spoke with PRWeek about the state of PR

Sneak peak: Agency Business Report 2016
PRWeek spoke with the leaders of WPP, Omnicom, Publicis, Interpublic, and Havas about what they see driving the PR business forward. Their answer: momentum and integration. Go here to read what else Martin Sorrell, John Wren, Michael Roth, Maurice Levy, and Yannick Bollore said.

Clinton, Trump dominate East Coast primaries
Donald Trump won a clean sweep of primaries in Pennsylvania, Maryland, Connecticut, Rhode Island, and Delaware, while Hillary Clinton won all but Rhode Island. Trump has started referring to himself as the Republicans’ "presumptive nominee" and has planned a serious policy speech for Wednesday. Ted Cruz gaffed in basketball-loving Indiana by referring to a hoop as a "ring."

Mitsubishi reports plummeting sales
The sixth-largest automaker in Japan said its sales have halved since it acknowledged using fuel economy data that did not comply with the country’s standards for a quarter-century. Meanwhile, an investigation found a 2006 Volkswagen presentation that showed how the automaker could evade U.S. emissions tests.

Tuesday earnings mostly disappoint
Apple reports first quarterly revenue drop in 13 years. Chipotle posts first loss as a public company, says it will add menu items. Twitter grows user base, but not enough to make a difference with advertisers; CEO Jack Dorsey says company is focused on live events. Analysts bullish about Facebook numbers.

Comcast in talks to buy DreamWorks Animation
The cable giant is reportedly in discussions to acquire the animation company for $3 billion. Comcast would likely fold DreamWorks into its entertainment division, which also includes NBC, Telemundo, and USA.

Would you like to post a comment?

Please Sign in or register.