Omnicom Group’s PR agencies picked up the pace in the third quarter, posting 2.3% organic revenue growth to $356 million and helping its organic growth to 2.0%, to $1 billion, in the first nine months of the year. PR made up 9.6% of the holding company’s business in Q3. Omnicom, the parent of Ketchum, FleishmanHillard, Porter Novelli, and others, as a whole saw revenue in Q3 decrease 0.1% to $3.7 billion. Worldwide revenue for the nine months increased 1.0% to $11.2 billion. Net income improved by 13.4% from Q3 2017 to $298.9 million.
Paul Allen, who cofounded Microsoft with Bill Gates, died on Monday afternoon due to complications from non-Hodgkin's lymphoma. In a statement released by his office, Gates said he was "heartbroken" about his friend’s death and noted that "personal computing would not have existed without him."Microsoft also tweeted a statement from CEO Satya Nadella on Monday night. Here’s how the sports world reacted on social media to the death of Allen, who also owned the Seattle Seahawks and Portland Trail Blazers.
Mrs. America’s CEO is being accused of racism by four former contestants. David Marmel, also the pageant’s president, allegedly made remarks about racial stereotypes and professional athletes who kneel during the national anthem while at a party prior to the televised Mrs. America Pageant 2018 competition in August, the women claimed. Marmel told NBC News that the women were wrongly characterizing his statements.
"No one ever leaves a job because everything's awesome." That’s what Instagram's former CEO Kevin Systrom said when asked about his departure from Facebook at the Wired 25 Summit in San Francisco on Monday. It was his first time speaking publicly since leaving Facebook last month.
Insurer Anthem has agreed to pay the government a record $16 million to settle potential privacy violations, following a cyberattack discovered by the company in 2015. The personal information of nearly 79 million people was exposed in the data breach.
To celebrate the one-year anniversary of the #MeToo movement going viral, the campaign’s founder Tarana Burke tweeted that this week she will be rolling out what her team has been up to for the last year. Actress Alyssa Milano marked the occasion by releasing a video she made for her 4-year-old daughter to explain why she shared her story of sexual assault.