Sorrell: Adland’s economic outlook is tepid
Six months after warning that industry optimism was misplaced, the boss of the world’s biggest communications group has again predicted tough times ahead.
The comments came from Sir Martin Sorrell, boss of WPP, despite the company unveiling a record EBITDA profits number which went above £2bn ($3.8bn) for the first time.
WPP’s agency brands in Australia include GroupM, Mediacom, Mindshare, MEC, Maxus, Burson-Marsteller, Y&R Brands, Hill + Knowlton, Millward Brown, Grey, J Walter Thompson, Landor, Ogilvy, Play, Plista, TNS, Wunderman, Xaxis and PPR.

Xaxis revenues grew 17% yoy – in the context of programmatic, that’s tepid.