Omnicom Net Up Despite Sluggish Ad Market
Jul 24, 2001, 12:00 AM
(Reuters) - Omnicom Group Inc., the world's No. 2 advertising company, on Tuesday reported second-quarter earnings rose 19%, helped by over $1 billion in new business, despite an overall sluggish advertising market. The company, owner of the BBDO Worldwide agency whose clients include Daimler Chrysler, General Electric and Pepsi, said profits rose to $151.4 million from $127.4 million a year ago.