Breaking news: Interpublic Group has named Philippe Krakowsky as its next CEO, succeeding Michael Roth, effective at the start of next year. Roth, Interpublic’s CEO since 2005, will transition to the role of executive chairman. Krakowsky is currently EVP and COO of IPG and chairman of IPG Mediabrands, overseeing firms such as Acxiom, Carmichael Lynch, Deutch, Hill Holliday, Huge and R/GA. IPG said last week that Harris Diamond, chairman and CEO of one of its biggest networks, McCann, and former CEO of Weber Shandwick, will retire at the end of this year. More: Roth and Weber CEO Gail Heimann talk the “equity imperative” last week at PRDecoded.
CMG revenue down double digits. IPG’s Constituency Management Group, which contains the bulk of its PR shops such as Weber and Golin, as well as events and marketing specialist firms, saw an organic revenue decline of 16.5% in Q3 to $269.1 million.
While IAN down 1.4%. Interpublic’s largely creative-driven Integrated Agency Networks division posted an organic revenue decline of 1.4% to $1.7 billion. The holding company as a whole reported an organic revenue drop of 3.7% in Q3, including 2.4% in the U.S., to $1.95 billion and net income of $279.7 million.
President Donald Trump abruptly cut off an interview with Lesley Stahl that is set to air this Sunday on “60 Minutes." Trump tweeted that the White House could post the interview, which he described as “terrible election intrusion,” before its scheduled airtime. At a Tuesday night rally in Erie, Pennsylvania, Trump said, “You have to watch what we do to ‘60 Minutes.’ You’ll get such a kick out of it.”
I am pleased to inform you that, for the sake of accuracy in reporting, I am considering posting my interview with Lesley Stahl of 60 Minutes, PRIOR TO AIRTIME! This will be done so that everybody can get a glimpse of what a FAKE and BIASED interview is all about...— Donald J. Trump (@realDonaldTrump) October 20, 2020
This is how you do outreach to young voters. Rep. Alexandria Ocasio-Cortez (D-NY) was on Twitch last night to play Among Us, and to encourage fans to vote. Her stream peaked at more than 435,000 viewers, according to The Verge, putting her among the 20 biggest streams ever on the platform.