Breakfast Briefing: Interpublic CMG revenues up 3.7% in Q2

Meanwhile, PR numbers dropped by 5.4% in the first half at Huntsworth.

Photo credit: Getty Images
Photo credit: Getty Images

Interpublic Group’s CMG division posted an organic revenue increase of 3.7% in Q2 to $319.1 million. Constituency Management Group contains most of IPG’s PR firms, such as Weber Shandwick and Golin, and a mix of other marketing shops. As a whole, IPG’s organic revenue growth rate in the period was 5.6%, including 4.6% in the U.S., and its operating and net income were both up in the quarter. The holding company credited higher client spending for the 35.4% profit increase (Reuters).

PR revenue tumbled on a like-for-like basis by 5.4% in the first half at U.K.-based holding company Huntsworth, which blamed declines at Grayling after the "elimination of unprofitable client contracts." Huntsworth’s communications division also includes Red and Citigate Dewe Rogerson. Operating profit and margins were both down in the first half in the division.

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