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- Omnicom, in Cash Crunch, to Delay Payments to U.S. TV Producers
- Omnicom is requiring that U.S. commercial producers wait until clients pay its agencies before they pay the producers' bills. The news, reported by Adweek, confirms that Omnicom is doing everything it can to slow down outgoing cash payments as clients slow down their payments to agencies. BNET...
- Blog posts 2009-03-12
Additional Resources
- Omnicom Group Posts 22% Third-Quarter Profit Loss
- NEW YORK (AdAge.com) -- Double-digit declines continue at Omnicom Group, which today reported a third-quarter loss of about 22% to $166 million, compared with earnings of $214 million a year ago. For the first nine months, profit slid to about $564 million from $730 million over the same period in...
- News items 2009-10-21
- Omnicom Delaying Payments to Photographers, Too
- Here's something that BNET missed: Remember that new Omnicom policy of delaying payments to TV commercial producers until the client has paid the agency? Turns out it also applies to photographers. Although photographers charge less money than TV producers, they are used more often because virtually all...
- Blog posts 2009-04-09
- Omnicom Sought to Delay TV Production Payments; a Sign of Cash Crisis?
- Omnicom has done a U-turn on its attempt to delay payments to TV commercial producers until after clients pay the agency. The move is a possible indicator of Omnicom's cash crisis. Under the current system, Omnicom agencies would front producers 50 percent of their fees before the...
- Blog posts 2009-03-06
- Chryslers aren't the only cars in Omnicom's lot.(News)(Omnicom Group Inc.)(DaimlerChrysler AG)(Brief article)
- John Wren's top client is on the block, but Omnicom Group's CEO is still in the driver's seat when it comes to auto advertising, with Nissan at TBWA/Chiat/Day, Mitsubishi at BBDO, Subaru at DDB and Volkswagen at DDB abroad. General Motors Corp. yanke John Wren's top...
- Research articles 2007-04-09
- Advertising Roundup: Omnicom's Debt Picture; Client Quits During Pitch; TBWA Names Infiniti Chief; Danone Taps Y&R; More ...
- Omnicom debt picture is mixed -- It has a lot of debt due, but not immediately, and will probably be OK. [Source: WSJ] TBWA names Infiniti chief -- TBWA has named the CEO of its Manchester office in the U.K. to steer management of its global Infiniti...
- Blog posts 2008-12-17
- IPG and Omnicom Downgraded by Deutsche Bank on Layoff News
- Deutsche Bank analyst Matt Chesler has downgraded the target share prices of both Omnicom and Interpublic following news of layoffs at both networks. Noting the 3,500 layoffs at Omnicom agencies see BNET coverage here and here, Chesler wrote in a note to investors: We ... think OMC is acting...
- Blog posts 2008-12-19
- True North's drag race for DaimlerChrysler ad account; At stake: 15% of earnings.(True North Communications Inc., Omnicom Group Inc.)(Brief Article)(Statistical Data Included)
- True North Communications Inc. is on the verge of an important victory-or a serious setback. The Chicago-based ad agency holding company is squaring off with larger rival Omnicom Group Inc. after DaimlerChrysler Corp., a client they both serve, an True North Communications Inc....
- Research articles 2000-09-18
- Advertising Roundup: Sprite Pitch Narrows; Mediaedge Wins Sony; Layoffs at Omnicom in UK; More ...
- Sprite pitch down to two -- Wieden & Kennedy and Bartle Bogle Hegarty are facing off in a pitch for marketing duties on Coca-Cola's Sprite brand, according to executives close to the matter. [Source: Ad Age] Mediaedge wins Sony LatAm -- WPP Group's Mediaedge:cia has been awarded...
- Blog posts 2009-01-30
- BBDO Loses Pepsi as Client Ad Bills Go Through the Roof
- As Ad Age points out, BBDO's loss of Pepsi will be a major psychological blow to the agency. Omnicom did well to keep the business in its network (the account is off to TBWA/Chiat/Day). But none of the coverage says why the brand chose to give BBDO the pink slip....
- Blog posts 2008-11-17
- PentaMark gets its act together; Omnicom unit plowing through the tasks of Chrysler consolidation.(Brief Article)
- Mike Vogel has spent the last year at a monumental task: integrating three agency cultures into one at the same time his sole client, DaimlerChrysler's Chrysler Group, hired marketing executives that eventually led to a reorganization at the automake Mike Vogel has spent the last year...
- Research articles 2001-10-01
- The Rise of the Superagency; Ford confides in WPP. PepsiCo's choice is Omnicom. How the holding company morphed into the new agency.
- Each month, WPP Group Chief Executive Martin Sorrell checks in with top executives at Ford Motor Co., WPP's biggest client. In wide-ranging conversations they discuss the quality of creative work, talent retention, research and strategy. Each month, WPP Group Chief Executive Martin Sorrell checks...
- Research articles 2002-01-28
- Advertising's Black Thursday: Layoffs, Spend Cuts, Hiring Freezes and Client Collapses Bedevil the Biz
- It will be a cold Xmas and a dark New Year for ad agency folks, as network chiefs, clients and analysts spent most of this week either firming up plans for job cuts or revising downward their already grim predictions for adspend in 2009. Even freelancers felt the chill, as...
- Blog posts 2008-12-18
- Omnicom Q2 2006 Earnings Conference Call Transcript (OMC)
- Question-and-Answer SessionOperator Thank you very much. [Operator instructions]. Our question comes from the line of Alexia Quadrani with Bear Stearns, please go ahead. Alexia Quadrani - Bear Stearns Hi, good morning and thank you. I have a couple of questions. First I guess one for John,...
- Earnings calls 2006-07-25
- Omnicom Q3 2009 Earnings Call Transcript
- Question-and-Answer Session Operator Operator Instructions Our first question comes from the line of John Janedis with Wells Fargo. John Janedis - Wells Fargo A couple of quick questions here -- first, it seems like a lot of agencies now are chasing a handful of the auto accounts out there....
- Earnings calls 2009-10-21
- Clients Are Delaying Payments to Agencies
- Clients such as General Motors and Anheuser-Busch InBev are delaying payments to agencies by as much as 120 days, the WSJ reports: Anheuser-Busch InBev is trying to overhaul all its vendor contracts, including advertising-related deals. The world's largest brewer by sales recently told media outlets that they...
- Blog posts 2009-02-23
- News Roundup: Super Bowl, IPG, WPP, OMC, Publicis, Euro RSCG, Zenith, Aegis
- NBC hasn't sold any Super Bowl spots since September. The network is trying to hold the line on a $3 million price tag for a 30-second commercial in the game. Before the economy began its plunge in late September, the network had fewer than 10 left of 67...
- Blog posts 2008-12-09
- VW Picks Deutsch/LA
- Volkswagen of America has selected IPG's Deutsch/LA in Marina del Rey, Calif., to handle creative duties on its ad account, the client has confirmed. Account revenue is estimated at more than $15 million.The selection came after VW narrowed the field in its review to just two shops. The runner-up was...
- News items 2009-10-23
- People.(News)(MindShare North America)(Burger King Corp.)(Sudler and Hennessey)(appointments)(Brief Article)
- Todd Engels, 40, to executive client service director, Omnicom Group's TracyLocke, Wilton, Conn., from VP-marketing, Cablevision's Voom. Todd Engels, 40, to executive client service director, Omnicom Group's TracyLocke, Wilton, Conn., from VP-marketing, Cablevision's Voom.
- Research articles 2005-04-18
- DDB, Wieden & Kennedy Out in Volkswagen Review
- DETROIT (AdAge.com) -- Omnicom Group's DDB and independent Wieden & Kennedy have been eliminated from Volkswagen of America's pitch as its new national creative agency of record, leaving the race for one of the most sought-after accounts this year to Omnicom sibling Goodby, Silverstein & Partners, San Francisco, and Deutsch,...
- News items 2009-10-21
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