Interpublic CMG unit Q4 revenue jumps nearly 12%

Interpublic Group's Constituency Management Group, which contains its PR agencies, reported organic revenue growth of 11.7% in the final quarter of 2013 to $374.8 million.

NEW YORK: Interpublic Group's Constituency Management Group, which contains its PR agencies, reported organic revenue growth of 11.7% in the final quarter of 2013 to $374.8 million.

The unit, which includes PR firms Weber Shandwick, GolinHarris, and DeVries, among others, saw 7.8% organic revenue growth for full-year 2013 to $1.3 billion.

Overall, the holding company reported 3.7% organic revenue growth in the fourth quarter, including US organic growth of 6.9%, to $2.1 billion. Operating income in Q4 was $324.4 million, while net income was $212.1 million for Interpublic.

Earlier this week, Omnicom Group reported a 3.7% drop in fourth-quarter PR revenue and a 1.5% increase for full-year 2013.

Publicis Groupe, which does not break out PR revenue, said it saw 0.7% growth in Q4 revenue and a 2.6% organic revenue growth rate for the full year.

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