2 posts and columns on John Wren

Ad Giant Omnicom: Stimulus Spending Could Boost Media by End of the Year

in Media on April 27, 2009 at 11:23 am PT

Ad giant Omnicom reported that its revenue dropped 14 percent and profits declined by 21 percent in the last quarter, but investors are bidding up the stock in a down market. That’s presumably because the profit slump isn’t as bad as Wall Street expected. But maybe investors are buying some of the optimism CEO John Wren doled out–sparingly–during the company’s earnings call: He thinks stimulus spending could lead to more advertising spending by the end of the year.
crater

Ad Giant Omnicom: Things Could Get (A Little) Better in Nine Months

in Media on February 10, 2009 at 6:14 am PT

For much of 2008, the big ad conglomerates seemed unaffected by the global slowdown. But that had to stop sometime: Omnicom Group just announced that its fourth-quarter revenue and earnings dropped seven percent and 13.7 percent, respectively. The good(ish) news: The company thinks things will stink for at least another nine months, but sees a light at the end of the tunnel.