Maisie Mccabe
Feb 13, 2014

Omnicom Publicis merger creeps into Q3

Omnicom Group, the owner of the BBDO and OMD networks, has said its merger with Publicis Groupe might not take place until the third quarter of this year, as it reported its pre-tax income increased by less than one per cent in Q4.

Maurice Levy and John Wren, Publicis and Omnicom chiefs
Maurice Levy and John Wren, Publicis and Omnicom chiefs

According to Omnicom’s results for 2013, the group’s total global revenue was $4.06 billion in the last three months of the year, up 2.9 per cent when compared to the same period in 2012.

Omnicom reported income before income taxes of $511.4 million, up 0.7 per cent year on year.

Publicis Groupe and Omnicom announced plans to merge in July 2013 and had hoped the deal would go through in the early 2014. Yesterday Omnicom said it expected the deal to complete "a little bit into the third quarter".

This article was first published on campaignlive.co.uk
Source:
Brand Republic

Related Articles

Just Published

19 hours ago

Amazon's ad revenue surges to $11.6 billion in Q4

While Google and Meta deal with slowdowns, Amazon's advertising business, still a small fraction of the overall sales, grew 19% in the fourth quarter.

20 hours ago

Google ad revenue falls in Q4, reversing several ...

Ad revenue across Google properties was $2.2 billion lower in the quarter than a year prior as shrinking brand budgets spread to search.

21 hours ago

40 Under 40 2022: Prapti Singh, Uber

Telling brave and bold brand stories for Uber in India, Singh unlocks brand propositions deeply rooted in category, culture and consumer truths that drive business growth.

1 day ago

Blockbuster is releasing a Super Bowl ad…on VHS

The last standing location of the iconic video rental store in Bend, Oregon, USA will play the ad at its Super Bowl watch party.