BOZELL GROUP EXPLORING OPTIONS FOR ITS OMAHA SHOP

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(Aug. 17, 2001) -- Management of Interpublic Group of Cos.' Bozell Group in New York and executives of the firm's office in Omaha, Neb., are discussing options to keep the Midwestern agency open.

One possibility is that the Omaha management would buy the firm from Bozell Group, its parent company.

A spokesman for Ellen Moran, general manager of the Omaha office, confirmed reports of Ms. Moran's commitment to "keeping [the] office open."

Though no official announcement of an Omaha closing has been made, in recent months various Bozell shops, including those in Minneapolis, Austin, Texas, and Fort Lauderdale, Fla., have closed as a result of Interpublic's purchase of True North Communications, which had owned Bozell.

Kathleen Ruane, a spokeswoman for Bozell, said, "The Bozell Group will continue to explore various options for Bozell Omaha and Bozell Silicon Valley." In recent months, outside of Bozell, New York, which has over $1 billion in billings, only two Bozell shops, in Omaha and Silicon Valley, remain open. -- Lisa Sanders

Copyright August 2001, Crain Communications Inc.

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