Interpublic earned $17.2 million, or 3 cents a share, for the third quarter, down from $38.7 million, or 8 cents a share, in the same quarter of 2008. Revenue dropped 18% to $1.43 billion.
The important measure to an advertising company, organic revenue was down 14 percent, excluding currency fluctuations and the impact of acquisitions/divestitures.
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by Larry Etter
Interpublic Group (NYSE: IPG) announced today that it will be aligning its Deutsch agency with Lowe Worldwide. Deutsch will become the North American hub of the Lowe & Partners global network, assuming management oversight of Lowe operations in North America, including Lowe New York, Lowe Roche Toronto and Lowe Healthcare.
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by Larry Etter
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