Ad sales drop further in wake of attacks
Article Abstract:
The Sep. 11, 2001 terrorist attacks on the World Trade Center and Pentagon have caused another dramatic downturn in ad spending. Newspaper, magazine and broadcast advertising has been pulled by many companies, and publishers and ad agencies are reeling from the blow, while understanding their clients wishes to be respectful towards the victims of the terrorist attacks and the continuing rescue efforts. Further business losses in an already difficult year, and concern about the New York Stock Exchange opening on Monday Sep. 17, have ad agencies and publishers very much on edge.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 2001
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True North's Chrysler loss gives peek at profit margins
Article Abstract:
True North Communications has stunned many analysts by the depth of their loss of the Chrysler Group account, which would cut shares by half their worth. True North's profit margins on Chrysler were almost 25% a share, stunning many since margins have rarely been disclosed before. Now, some companies are linking their agencies' pay on performance of the brands they promoted. Meanwhile, True North's shares rose on the rumor that it is ripe for takeover.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 2000
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True North clears SEC issue, delays 4th-period results
Article Abstract:
True North Communications, the parent of ad shops FCB Worldwide and Bozell Group, announced a rise of 26.9% in operating income for the fourth quarter, while postponing its earnings release. The company's talks with the SEC entail amortizing goodwill from its acquisitions during a period of 20 years, instead of during a period of 40 years, as it had done previously.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 2001
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