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BUSINESS
June 16, 1992 | From Reuters
Car makers, financial-services groups and other advertisers have stepped up their spending the last few months and are showing signs that they will spend more heavily later this year, a top U.S. advertising executive said. "In the United States, we didn't see much strength in the first quarter," said Bruce Crawford, president of Omnicom Group Inc., the world's fourth-largest advertising company. "We're seeing strength in many areas this quarter.
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BUSINESS
May 28, 2003 | From Bloomberg News
Walt Disney Co. said it and Omnicom Group Inc.'s OMD ad agency agreed not to renew a $1-billion advertising contract because Disney expects to sell at least $1 billion to OMD clients in the next TV season. OMD will continue to buy ads that will run on Disney's ABC television network, cable channels such as ESPN, as well as its radio and TV stations, magazines and Web sites, said Bill Bund, senior vice president of ABC Integrated sales. OMD's clients, such as PepsiCo Inc. and McDonald's Corp.
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BUSINESS
February 26, 2003 | From Bloomberg News
Omnicom Group Inc., the world's biggest owner of ad agencies, said fourth-quarter earnings rose 23%. Net income climbed to $201.5 million, or $1.08 a share, from $164.1 million, or 87 cents, a year earlier. Sales rose 7.5% to $2.12 billion, the New York-based company said. Omnicom, whose agencies include BBDO Worldwide and TBWA/Chiat/Day, is one of the few ad companies reporting a jump in sales and earnings. Omnicom shares rose $3.35 to $57.35 on the NYSE.
BUSINESS
February 26, 2003 | From Bloomberg News
Omnicom Group Inc., the world's biggest owner of ad agencies, said fourth-quarter earnings rose 23%. Net income climbed to $201.5 million, or $1.08 a share, from $164.1 million, or 87 cents, a year earlier. Sales rose 7.5% to $2.12 billion, the New York-based company said. Omnicom, whose agencies include BBDO Worldwide and TBWA/Chiat/Day, is one of the few ad companies reporting a jump in sales and earnings. Omnicom shares rose $3.35 to $57.35 on the NYSE.
BUSINESS
March 13, 1993 | From Times Staff and Wire Reports
Omnicom to Buy TBWA: Omnicom Group, one of the world's largest advertising organizations, has agreed to buy TBWA International, the ad agency perhaps best-known for creating the Absolut vodka print campaign. The companies, both based in New York, said the deal will involve an exchange of an unspecified amount of Omnicom stock for all the shares of privately held TBWA. Ad industry analysts estimate the deal to be worth in excess of $100 million.
BUSINESS
May 28, 2003 | From Bloomberg News
Walt Disney Co. said it and Omnicom Group Inc.'s OMD ad agency agreed not to renew a $1-billion advertising contract because Disney expects to sell at least $1 billion to OMD clients in the next TV season. OMD will continue to buy ads that will run on Disney's ABC television network, cable channels such as ESPN, as well as its radio and TV stations, magazines and Web sites, said Bill Bund, senior vice president of ABC Integrated sales. OMD's clients, such as PepsiCo Inc. and McDonald's Corp.
NEWS
October 2, 1999 | From Bloomberg
Omnicom Group Inc., the world's biggest advertising and communications holding company, agreed to buy MARC Inc., a market research company, for about $100 million in cash, in a deal that would boost its nonadvertising activities. Omnicom, which owns TBWA Worldwide, BBDO Worldwide and DDB Worldwide advertising companies, would pay $20 for each MARC share, 42% more than the Irving, Texas-based company's closing price Thursday of $14.13. On Friday, MARC shares soared $5.56, or 39%, to close at $19.
BUSINESS
May 3, 1989 | BRUCE HOROVITZ, Times Staff Writer
Amid rumors of possible "white knights" rescuing the Ogilvy Group from its unwanted British suitor, WPP Group, Ogilvy's stock was the most heavily traded over the counter Tuesday. Ogilvy closed up 62.5 cents at $49.75 a share, with more than 3 million shares trading hands. Some executives and analysts speculated that Ogilvy might escape WPP by merging with another American advertising holding company--such as the giant Omnicom Group or the Interpublic Group of Companies. Said one top New York ad executive who asked not to be named: "Give it time.
BUSINESS
August 25, 2001 | From Reuters
Some of the UPN television network's biggest advertisers will receive a package of "value-added promotions" in exchange for buying traditional air time at a premium for the upcoming season, a source said Friday. The promotions, which could run the range from product placements to show sponsorships, are part of a recent deal between UPN and the media-buying arm of ad agency Omnicom Group Inc., according to a source familiar with the situation.
BUSINESS
May 8, 1989 | From Reuters
WPP Group PLC, making a big pitch to win Ogilvy Group Inc., today raised its buyout proposal for the reluctant advertising firm to $800 million from the previous $725 million. WPP, the parent of J. Walter Thompson, sweetened its buyout proposal by $5 per share to $50. The previous bid worked out to $725 million. Ogilvy, which has been critical of WPP's takeover effort, said in a statement that it had been notified of the higher proposal and that it will "be considered by Ogilvy in a proper manner and in due course."
BUSINESS
August 25, 2001 | From Reuters
Some of the UPN television network's biggest advertisers will receive a package of "value-added promotions" in exchange for buying traditional air time at a premium for the upcoming season, a source said Friday. The promotions, which could run the range from product placements to show sponsorships, are part of a recent deal between UPN and the media-buying arm of ad agency Omnicom Group Inc., according to a source familiar with the situation.
BUSINESS
December 20, 2000
* Cummins Inc., the world's largest maker of high-power diesel engines, said it expects to report a fourth-quarter loss because of declining North American demand for heavy-duty trucks. The loss will be 35 cents to 45 cents a share, said spokeswoman Dorothy Brown Smith, and doesn't include a pretax charge of about $160 million. The Columbus, Ind.-based company was expected to earn 66 cents a share, the average estimate of eight analysts polled by First Call/Thomson Financial.
NEWS
October 2, 1999 | From Bloomberg
Omnicom Group Inc., the world's biggest advertising and communications holding company, agreed to buy MARC Inc., a market research company, for about $100 million in cash, in a deal that would boost its nonadvertising activities. Omnicom, which owns TBWA Worldwide, BBDO Worldwide and DDB Worldwide advertising companies, would pay $20 for each MARC share, 42% more than the Irving, Texas-based company's closing price Thursday of $14.13. On Friday, MARC shares soared $5.56, or 39%, to close at $19.
BUSINESS
March 16, 1995 | DENISE GELLENE, TIMES STAFF WRITER
The fiercely independent London office of Chiat/Day won't be part of the agency's merger with Omnicom's TBWA advertising agency. Andrew Law, managing director of Chiat/Day's London operation, said Wednesday that his business will become a "floating agency" within the Omnicom network and will answer directly to Omnicom's board. Chiat/Day, Los Angeles' best-known advertising agency, agreed in February to merge with New York-based TBWA.
BUSINESS
February 22, 1995 | Times Staff and Wire Reports
Candy Company Leaving Saatchi: In the latest blow for British advertising group Saatchi & Saatchi, Mars Inc., the maker of M&M's candies and Snickers chocolate bars, said it chose Omnicom Group Inc. subsidiary BBDO Worldwide Inc. as one of its three core international agencies. BBDO replaces Saatchi & Saatchi's Bates Worldwide Inc. unit. Mars said its two other agencies, DMB&B and Grey Advertising Inc., remain.
BUSINESS
February 1, 1995 | DENISE GELLENE, TIMES STAFF WRITER
Chiat/Day, the influential advertising agency that created the drum-beating Energizer bunny and put Los Angeles on the map in the ad world, on Tuesday marched into the arms of international powerhouse Omnicom Group. The deal, combining the operations of Venice-based Chiat/Day with Omnicom unit TBWA, brings together two mid-size agencies with similar global ambitions but vastly different styles. New York-based TBWA has a European flair, whereas Chiat/Day is strictly Southern California.
BUSINESS
December 20, 2000
* Cummins Inc., the world's largest maker of high-power diesel engines, said it expects to report a fourth-quarter loss because of declining North American demand for heavy-duty trucks. The loss will be 35 cents to 45 cents a share, said spokeswoman Dorothy Brown Smith, and doesn't include a pretax charge of about $160 million. The Columbus, Ind.-based company was expected to earn 66 cents a share, the average estimate of eight analysts polled by First Call/Thomson Financial.
BUSINESS
June 16, 1992 | From Reuters
Car makers, financial-services groups and other advertisers have stepped up their spending the last few months and are showing signs that they will spend more heavily later this year, a top U.S. advertising executive said. "In the United States, we didn't see much strength in the first quarter," said Bruce Crawford, president of Omnicom Group Inc., the world's fourth-largest advertising company. "We're seeing strength in many areas this quarter.
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