Auto and retail spending help Interpublic narrow gap

04/26/2012 | Advertising Age (tiered subscription model)

Led by double digit growth in automotive and retail client spending, Interpublic Group's year-over-year first quarter revenue increased from $1.47 billion to $1.51 billion. The ad agency holding company's net loss was lower as well, declining from $48.1 million to $45.9 million. CEO Michael Roth said he remains "comfortable" with earlier forecasts of 3% organic revenue growth for the year.

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