Precision Strategies has hired Burson Cohn & Wolfe COO Tom Reno as its first chief operating officer, reporting to partners and cofounders Stephanie Cutter, Jen O’Malley Dillon, and Teddy Goff. He joined on October 29. Cutter, O’Malley Dillon, and Goff founded Precision in 2013 after working on President Barack Obama’s reelection campaign.
Martin Sorrell’s S4 Capital has posted its first earnings report, showing revenue of about $33 million in Q3. Sorrell has hailed the numbers as a "good start." MediaMonks, acquired this summer, reported a 20% increase in earnings before interest, depreciation, and amortisation in Q3.
Jerry Buhlmann will step down as the CEO of the Dentsu Aegis Network at the end of this year, bringing an end to a nine-year stint in the network’s top job. Tim Andree will add even more responsibilities to his role in addition to serving as executive chair of Dentsu Aegis Network and a member of the board and executive VP of Dentsu Inc.
Snap Inc. said it is cooperating with subpoenas from the Justice Department and the Securities and Exchange Commission. The feds are looking into complaints that the company misled investors prior to its IPO about the level of competition it was facing from Instagram and other matters, according to Reuters.
Was New York City ripped off by Amazon? The Big Apple is essentially paying twice as much per job than Virginia, which landed the other half of the HQ2 contest this week. Not all New York politicians are happy about the deal; some are slamming it as "corporate welfare." And for the 236 other cities and regions feeling especially jilted this week, they’ll always have this apology from Alexa, courtesy of one Austin, Texas, creative shop.