Ad shops among GM's leading creditors

06/2/2009 | Advertising Age (tiered subscription model)

Publicis Groupe's Starcom MediaVest Group, Chicago, which is General Motors' media buying and planning shop, is owed $121 million by the automaker and is ranked sixth among its 50 biggest unsecured creditors, according to GM's bankruptcy filing. Publicis Groupe, whose Leo Burnett USA, Troy, Mich., reps Buick, Pontiac and GMC, is due $25 million and is ranked 18th on the list. Other agencies in the top 50 include Interpublic Group, which is ranked 20th and is due $15.9 million, and the holding company's McCann Erickson, Calgary, Alberta, which is ranked 47th and is owed $4.6 million.

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