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»Agencies

Merkle’s Craig Dempster On Becoming Global CEO Amid A Global Crisis

Despite COVID-19, Merkle didn’t think twice about promoting longtime executive Craig Dempster to global CEO last week, sticking to a succession plan two years in the making. “We built a strategy and worked to execute against it,” Dempster said. “We didn’t spend a lot of time debating it.” Dempster, previously president of Merkle in the... Continue reading »
by Alison Weissbrot // April 27th, 2020 //
»
IPG’s Roth: ‘The Second Quarter Is Not Going To Be Pretty’

Holding companies are being hit hard by the pandemic, and IPG is no exception. The company reported Wednesday that Q1 2020 net organic growth was 0.3% YoY to $1.97 billion, compared to 6.4% growth during the same period a year ago. Revenue was negatively impacted by account losses and the coronavirus pandemic in certain regions,... Continue reading »
by Alison Weissbrot // April 22nd, 2020 //
»
Publicis Groupe Cuts CEO And Board Salaries, Slashes Dividends By 50%

This story has been updated to reflect Tuesday's earnings call.  Publicis Groupe said Monday it will cut the salaries of chairman and CEO Arthur Sadoun and executive chairman of the supervisory board Maurice Lévy by 30% in response to the coronavirus pandemic. The company will also reduce compensation by 20% for management board members. For... Continue reading »
by Alison Weissbrot // April 13th, 2020 //
»
Dentsu Aegis Network Cuts Employee Salaries By 10%

Dentsu Aegis Network, the international arm of Japanese agency conglomerate Dentsu, will cut all employee salaries by 10% in response to the economic fallout of the coronavirus pandemic. Senior executives took a higher salary deduction, a Dentsu Aegis spokesperson said, but declined to specify how much. Dentsu Aegis Network employs about 45,000 people across 145... Continue reading »
by Alison Weissbrot // April 13th, 2020 //
»
Wendy Clark Named Global CEO Of Dentsu Aegis Network

Marketing and agency veteran Wendy Clark will become the global CEO of Dentsu Aegis Network (DAN), the company said on Monday. She is the first female CEO of a global agency network. She will start in September and report into Tim Andree, DAN’s global chairman, who took on the global CEO role after Jerry Buhlmann... Continue reading »
by Alison Weissbrot // April 6th, 2020 //
»
Cannes Lions 2020 Is Canceled, Rescheduled for 2021

Bowing to pressure from agency holding companies, Ascential has canceled the Cannes Lions International Festival of Creativity for 2020. The ad industry’s largest annual event was postponed on March 18 from its regular timing in late June to late October 2020, due to the coronavirus pandemic. The festival will now resume in June 2021, when... Continue reading »
by Alison Weissbrot // April 3rd, 2020 //
»
Contracts Are Under The Microscope Thanks To COVID-19 – But Force Majeure Isn’t A Cure-All

Over the last two weeks, there probably wasn’t a lawyer in America who didn’t field at least one phone call from a stressed-out client asking about activating force majeure to get out of a contract. With events on ice for the foreseeable – media buys either canceled or postponed and commercial productions ground to a... Continue reading »
by Allison Schiff // April 3rd, 2020 //
»
What Happens To Sports Marketing Budgets Without Sports?

  March Madness. The Olympics. The NBA and NHL playoffs. Brand marketers spend billions on tentpole sporting events annually, but with live sports either canceled or postponed for the year, they must now figure out where to repurpose that budget – or decide if they can use it at all. Here’s how marketers are adjusting... Continue reading »
by Alison Weissbrot // April 2nd, 2020 //
»
When Your Client Pauses Ad Spend

Working with clients in travel, brick-and-mortar retail, hospitality and live entertainment right now is a bit of a hot mess. These brands are pausing their ad spend as their businesses get completely shut down – which makes it tricky for media agencies to perform their regular duties. “It’s volatile, chaotic, uncertain and ambiguous, and on... Continue reading »
by Alison Weissbrot // March 30th, 2020 //
»
Magna: Olympics Postponement Hits Linear TV Hard, Digital Growth Dips To Single Digits

Magna’s latest 2020 global ad spend figures, released Thursday, are pretty bleak. Global ad spend will be down 2.8% this year to $217 billion in the wake of the COVID-19 outbreak. That’s revised downward from Magna’s December forecast, which anticipated 6.6% growth to in 2020. Linear will be hit the hardest, thanks to the postponement... Continue reading »
by Alison Weissbrot // March 27th, 2020 //
»
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