Chris Pash - Profile and Journalist Details
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Chris Pash
Verified
Editor, AdNews (Australia)
Sydney
Beats
Local state and federal government.
Healthcare, medical, etc
Content
By Chris Pash Verified| AdNews (Australia)@ Omnicom posted revenue of $US3.7 billion in the March quarter, with organic growth at 3.4%, as the company faces a "challenging" economic environment. The result was led by Media & Advertising and Precision Marketing, which together grew at 7%. However, net income at the global advertising group dropped almost 10% to $287.7 million, down from $318.6 million in the same quarter last year. Omnicom is the second holding company to reveal March quarter results.
By Chris Pash Verified| AdNews (Australia)@ Failed advertising agency GrowthOps had just $318 in the bank and owed more than $48 million as it went into administration, according to an initial investigation. Documents filed by the liquidators at McGrathNicol to corporate regulator ASIC shows GrowthOps with total assets of $668,240.36 (but a realisable value of just $7,207.20) and estimated liabilities of $48,613,643.28. Unsecured creditors are claiming an estimated $37 million. Employees are owed about $2.4 million.
By Chris Pash Verified| AdNews (Australia)@ Omnicom posted revenue of $US3.7 billion in the March quarter, with organic growth at 3.4%, as the company faces a "challenging" economic environment. The result was led by Media & Advertising and Precision Marketing, which together grew at 7%. However, net income at the global advertising group dropped almost 10% to $287.7 million, down from $318.6 million in the same quarter last year. Omnicom is the second holding company to reveal March quarter results.
Company Info
AdNews (Australia)
Surry Hills, New South Wales, Australia
+1 800-469-2332