New Tuesday morning: Omnicom Q1 earnings
Q1 was another disappointing quarter for Omnicom Group’s PR firms, with revenue down 0.9% on an organic basis to $318.8 million. The PR firms’ revenue was down 6.9% in the fourth quarter of last year. The holding company as a whole reported 3.8% organic growth in Q1 to nearly $3.5 billion.
Publicis reports better-than-expected Q1
The parent of MSLGroup said Tuesday morning that it saw higher-than-expected organic growth of 2.9% in the first quarter to $2.6 billion. (The holding company did not break out PR numbers). Its North American business saw 3% organic growth, though that was mostly attributable to its media business.
Dr. Pepper responds quickly to ‘death hoax’
After an Internet rumor emerged Monday that Dr. Pepper had sold its formula to Coca-Cola and would shut down this summer, the brand quickly responded Monday afternoon with a GIF on Twitter and the #CrushingRumorsLike hashtag.
We're here to crush a rumor. The thought of Dr Pepper ending production & selling our recipe is unbelievable. pic.twitter.com/BRcb0yuOKy— Dr Pepper (@drpepper) April 18, 2016
What to watch in today’s New York primaries
Donald Trump and Hillary Clinton have sizable leads in polls. ABC News: 5 story lines to watch. Reuters: Sanders hits Clinton on campaign finance hours before New York votes. Ben & Jerry’s founders arrested outside Capitol for protesting campaign finance.
Tencent founder pledges billions to charity
Pony Ma, the CEO of Chinese tech giant Tencent, has pledged to donate $2 billion in shares to a charitable fund over a number of years in the latest sizable donation by a Chinese business leader. Two years ago, Alibaba’s Jack Ma and Joe Tsai promised to donate $3 billion in share options to two charitable trusts.
What to know on Tuesday
Dentsu to roll out Dentsu Digital in July. Feds investigate whether Theranos mislead investors. YouTube begins to support 360-degree live streams and spatial audio. CVS debuts curbside pick-up service. Pearl Jam cancels North Carolina show over LGBT law. Melissa Harris-Perry takes Elle.com editor-at-large gig. Verizon, Hearst to buy Complex Media.