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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Interpublic Group of Companies | TG:IPG | Tradegate | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.055 | -0.20% | 27.15 | 27.035 | 27.265 | 27.17 | 27.17 | 27.17 | 37 | 22:50:17 |
French advertising group Publicis SA (13057.FR) Thursday said its ZenithOptimedia agency secured the China Mobile (0941.HK) account, but it also announced lay-offs at agencies Leo Burnett and Starcom Mediavest in the U.S.
China Mobile's advertising budget is estimated to exceed $100 million in 2009, a person familiar with the situation told Dow Jones Newswires.
Publicis won the account in a pitch against WPP's (WPP.LN) MindShare, Aegis' (AGS.LN) Carat, and Interpublic's (IPG) Universal McCann, Publicis said.
This is the second account win for Publicis in 2009. On Sunday, Publicis announced a contract with the French retail giant Carrefour SA (12017.FR).
This account, which includes corporate and commercial communications worldwide, is estimated to be worth about EUR1 billion, the person also said.
A large part of Carrefour's media account was previously held by French rival Havas (12188.FR).
Meantime, two of Publicis' agencies said they are going to lay off staff, a Publicis spokesperson said.
Leo Burnett will cut about 73 jobs and Starcom Mediavest about 70.
Last month, U.S.-based digital agency Digitas announced plans to cut 70 jobs in the U.S.
Company Web site: www.publicisgroupe.fr
-By Ruth Bender, Dow Jones Newswires; +33 1 40 17 17 40; ruth.bender@dowjones.com
Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary. You can use this link on the day this article is published and the following day.
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