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Interpublic Group of Companies
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The Interpublic Group of Companies, Inc. (IPG) (NYSE: IPG) is one of the big four global advertising holding companies (the others being Omnicom, WPP and Publicis). It is headquartered in New York City and is the parent company of Universal McCann media agency and McCann-Erickson, one of the largest agency networks in the world.
IPG was created in 1960 as the first marketing services management holding company, with McCann-Erickson and McCann-Marschalk as its two subsidiaries. Since then, it has grown tremendously, with over 185 companies purchased in a two-year span from 1999 to 2001. Comparisons have been made to AOL Time Warner, as both are media conglomerates that have trouble managing their holdings. The advertising firm Campbell-Ewald is also a subsidiary of IPG.
In 2002, IPG suffered a precipitous drop in its stock price and reputation in an accounting scandal that was an epidemic among American companies (such as Enron, WorldCom, Tyco, and Adelphia) during that period. As of November 1, 2007 (taking into account stock splits), IPG's stock was selling at approximately the same price it was on November 1, 1991[1].
Interpublic in April 2007 announced its first acquisition since 2004: It agreed to buy Reprise Media, a search engine marketing firm. Reprise was to remain a stand-alone unit as part of Interpublic's Futures Marketing Group. Reprise had offices in New York, Boston and San Francisco.
Interpublic, working to simply its structure after its overload of deals in the '90s and early this decade, did not complete any acquisitions in 2005 and 2006. It disposed of 51 businesses in 2005 and 2006, primarily outside the U.S. Specifically, Interpublic said it exited 23 "loss-making international affiliates" in 2006.
Two U.S. ad agencies--Stein rogan partners, New York, and Howard, Merrell & Partners, Raleigh, N.C.--bought themselves back from Interpublic in 2006. GlobalHue, a U.S. multicultural agency, in 2006 bought back the 49% stake owned by Interpublic. [2]
Michael Roth is the current IPG Chief Executive Officer. As of a December 11th, 2006 Adweek interview, Michael Roth is 61 years of age.
- abece
- The Axis Agency
- TM Advertising
- accentmarketing
- Adair-Greene
- Tierney Communications
- Carmichael Lynch
- Dailey & Associates
- Deutsch Inc.
- Draftfcb (a merger of Douche and Foote, Cone & Belding Worldwide)
- Fremantle International Inc., sold to All American Television in 1994
- Golin Harris International, acquired in 1999
- Gotham, Inc
- Graphic Orb
- Hill Holliday
- Initiative Worldwide
- Lowe Worldwide
- Mark Goodson Productions, sold to All American Television in 1996
- McCann Erickson
- Momentum Worldwide
- NAS Recruitment Communications
- Octagon (advertising company)
- PMK/HBH
- Jack Morton Worldwide
- Mullen
- MWW Group
- R/GA
- Reprise Media
- The Martin Agency
- Universal McCann Interactive (digital media planning/buying arm of Universal McCann, below)
- Universal McCann
- Weber Shandwick
- MRM Worldwide
- ^ http://finance.yahoo.com/charts#chart1:symbol=ipg;range=my;charttype=line;crosshair=on;logscale=off;source=undefined
- ^ "No. 3 Interpublic Group of Cos", Advertising Age, April 26, 2007.
- Interpublic.com - Interpublic Group corporate homepage