The Interpublic Group of Companies


The Interpublic Group of Companies, Inc. is an American publicly traded advertising company. The company consists of five major networks: FCB, IPG Mediabrands, McCann Worldgroup, MullenLowe Group, and Marketing Specialists, as well as a number of independent specialty agencies in the areas of public relations, sports marketing, talent representation, and healthcare. It is one of the "Big Four" agency companies, alongside WPP, Publicis and Omnicom.
Michael Roth is the company's CEO.

History

On October 2, 1930, IPG was founded in New York City as McCann-Erickson, when H.K. McCann Co. and Erickson Co. merged. At the time, it was the largest agency in the ad industry.
In 1960, McCann was restructured into four operating units, each reporting to a new holding company. The four units were McCann-Erickson Advertising, McCann-Erickson Corp., McCann-Marschalk and Communications Affiliates. The latter consisted of diversified communications agencies. In January 1961, McCann was renamed Interpublic Group and created the first marketing services management holding company with McCann-Erickson as a subsidiary.
In late 1973, as clients began focusing more on international strategies, McCann-Erickson combined its domestic and international branches into a single worldwide agency under IPG.
In 1997, the McCann-Erickson World Group was formed with several of IPG's different units.
In December 2000, Deutsch Inc, reported by the New York Times at the time to be the largest and last big independent agency, was acquired by IPG to be an autonomous unit.
In 2001, IPG acquired True North Communications, the holding company for Foote Cone & Belding. By then, in addition to True North, Interpublic's primary holdings included two wholly owned global advertising agency networks, McCann-Erickson Worldwide and the Lowe Group; five global specialized-services networks, Initiative Media Worldwide, Draft Worldwide, NFO Worldwide, Octagon, and Zentropy Partners; an Internet-services company; and Allied Communications Group, which managed Interpublic's specialized communications companies.
In 2003, IPG agreed to pay $115 million to settle class action lawsuits brought by its shareholders. The shareholders had sued Interpublic after accounting irregularities led to restatements of financial results, causing the company's stock to fall.
In March 2004, IPG renamed its McCann-Erickson World Group as McCann Worldgroup.
On September 15, 2005, IPG announced plans to restate earnings for fiscal 2000 through 2004, due to problems in accounting for revenue, acquisitions and lease expenses. On March 22, 2006, IPG posted a loss for the fourth quarter and restated results for the first three quarters of 2005, which reduced revenue by $14.1 million. It also announced its controller and chief accounting officer was leaving the company.
IPG disposed of 51 businesses in 2005 and 2006, primarily outside the U.S.; the company said it exited 23 "loss-making international affiliates" in 2006. IPG in April 2007 announced it agreed to buy Reprise Media, a search engine marketing firm. In July of that same year, FCB-Ulka Advertising Private Limited, a subsidiary of IPG, was renamed DRAFTFCB+Ulka Advertising Pvt. Ltd.
In July 2008, IPG formed a media buying and planning unit called Mediabrands.
In March 2014, IPG draftfcb was renamed as IPG's international network FCB.
In January 2016, the merger of IPG groups Mullen in the US and Lowe and Partners worldwide was renamed as MullenLowe Group.
In July 2018, IPG announced they were buying database marketing company Acxiom's Marketing Solutions business for $USD2.3 billion.

Companies

IPG consists of dozens of businesses organized into six groups. There are three global networks: Foote, Cone & Belding ; McCann Worldgroup; and MullenLowe; a media services company, IPG Mediabrands; a marketing services group, Marketing Specialists; and several independent domestic digital agencies.

FCB

FCB is one of IPG's three global networks. Its companies include the following:
The IPG Mediabrands group is IPG's data management and media buying arm. Its companies include the following:
IPG's Marketing Specialists group offer marketing services across a range of disciplines. Its companies include the following:
Formed in 1997, McCann Worldgroup is IPG's global marketing services organization, with reportedly over 24,000 employees in over 100 companies as of November 2017. Its companies include the following:
MullenLowe Group is one of IPG's three communications networks, formed in 2015 by the merger of IPG's U.S. agency Mullen with IPG's global creative network Lowe and Partners. It consists of the following components:
IPG also has several independent marketing agencies.