Q4 revenue's dip was slightly steeper than Q3 due to a heavy reliance on project revenue. Asia recorded the steepest decline in organic revenue in the quarter, down 17.4% year-on-year
Private equity has been looking at agency groups
Krakowsky will take the helm effective January 1 and Roth will move into the executive chairman role
Operating profit plummeted 84.7% to $40.5 million.
Total advertising revenue for media owners will shrink 7.2% for the year, before recovering +6.1% in 2021, according to the latest Magna forecast.
A number of holding companies say they will not enter the awards, while others have yet to decide.
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