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Each issue of CMO Close-up features an interview with a CMO, as well as other marketing executives answering that issue's "Big Question."
This week's feature:
Close-up with Keith Pigues, VP-CMO, Ply Gem Industries
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Daily News Alert
 
Interpublic Group profit falls along with revenue

Story posted: October 28, 2009 - 12:39 pm EDT



New York—Advertising holding company Interpublic Group of Cos. saw its third-quarter profit fall 47% from the year-earlier period to $24.1 million.

Reflecting the global recession and falloff in advertising budgets, Interpublic's revenue fell 18% to $1.43 billion. Revenue declined 13% in the U.S. and 24% elsewhere.

Interpublic is the parent company of agencies Draftfcb and McCann-Erickson.

The last two weeks have seen depressed earnings reports from other agency holding companies, with Publicis Groupe this week reporting a 7.4% decline in third-quarter revenue, and Omnicom Group last week citing a quarterly revenue decline of 23%


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