Interpublic Clarifies Earlier Agency Statement
NEW YORK--(BUSINESS WIRE)--Feb. 21, 2006--Earlier today one of our smaller agencies released a statement concerning Interpublic's (NYSE: IPG) decision to not issue a bond in support of potential new business. To clarify, our decision had absolutely nothing to do with our ability to secure this $1 million bond, an inconsequential amount in the context of our company's financial capacity. Instead, our decision was based on strategic considerations.
Interpublic is one of the world's leading organizations of advertising agencies and marketing-services companies. Major global brands include Draft, Foote Cone & Belding Worldwide, FutureBrand, GolinHarris International, Initiative, Jack Morton Worldwide, Lowe Worldwide, MAGNA Global, McCann Erickson, Octagon, Universal McCann and Weber Shandwick. Leading domestic brands include Campbell-Ewald, Deutsch and Hill Holliday.
CONTACT: General Inquiries:
Julie Tu, 212-827-3776
Media, Analysts, Investors:
Philippe Krakowsky, 212-704-1328
Jerry Leshne, 212-704-1439
SOURCE: Interpublic Group