INTERNATIONAL: PR revenue plummets more than 25 per cent

NEW YORK: PR revenue at Interpublic Group, which owns Weber Shandwick, plummeted more than 25 per cent from the fourth quarter 2000 compared to the fourth quarter 2001, from £117.2m to £88.3m, respectively. For 2001, PR revenue was down five per cent, from £432.3m in 2000 to £408.9m in 2001. PR as a per cent of revenue fell by only one-tenth of one percentage point for the year, from 8.6 per cent to 8.5 per cent.

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