Once registered, you can:

  • - Read additional free articles each month
  • - Comment on articles and featured creative work
  • - Get our curated newsletters delivered to your inbox

By registering you agree to our privacy policy, terms & conditions and to receive occasional emails from Ad Age. You may unsubscribe at any time.

Are you a print subscriber? Activate your account.


Modem Media to shut offices, cut staff

Published on .

Norwalk, Conn.--Interactive agency Modem Media Inc. said it will close offices in Toronto, Munich and Hong Kong and cut 90 jobs worldwide, roughly one-quarter of its work force. The reductions will result in approximately $4 million in pre-tax savings for the year. Modem also reaffirmed its second-quarter financial guidance, saying it expects revenue of between $18 million and $19 million for the quarter, and earnings at break-even or slightly below.
Most Popular
In this article: