The 5 stories PR pros need to know on Thursday morning, 4.28.2016

WPP Q1 earnings; BerlinRosen subpoenaed in de Blasio investigation; Cruz puts Fiorina on the ticket; Obama defends economic legacy; Big Q1 numbers for Facebook.

Bobby Knight introduces Donald Trump in Indiana. (Image via Trump's Facebook page).
Bobby Knight introduces Donald Trump in Indiana. (Image via Trump's Facebook page).

New this morning: WPP first-quarter earnings
The world’s largest holding company reported PR and public affairs revenues were up 2.3% on a like-for-like basis in the first quarter to $348.6 million. Cohn & Wolfe was a standout performer. For the holding company as a whole, revenues were up 5.1% on a like-for-like basis to $4.5 billion, though North America underperformed.

BerlinRosen subpoenaed in de Blasio investigation
The firm, which has worked on Bill de Blasio’s political campaigns, was subpoenaed as part of federal and state investigations into fundraising by the mayor. The mayor has not been personally subpoenaed. Principal Jonathan Rosen told media outlets, "We have acted appropriately and in accordance with the law at all times."

Political world turns attention to Indiana
Basketball coaching legend Bobby Knight introduced Donald Trump at a Wednesday night campaign event with a strange, profanity-riddled speech. Ted Cruz, whose campaign is banking on winning at the Republican convention, picked Carly Fiorina as his running mate. Bernie Sanders’ campaign laid off hundreds nationally as it throws resources behind winning in California in June.

White House pitches economic legacy to NYT
President Obama sat down with The New York Times to discuss his economic legacy, especially decisions made in the wake of the financial crisis of 2008. The president said that had he communicated his policies better, the Democrats could have held on to majorities in the House and Senate in 2010.

Facebook earnings raise eyebrows
The social network easily beat analysts’ expectations on Wednesday afternoon with its first quarter earnings, in which revenue was up 50%. Advertisers embraced Facebook’s mobile app and live video push. Shares were up nearly 10% in after-hours trading. 

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