Grey reports revenue increase

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Grey Global Group posted a 17% increase in its 2000 revenue, to $1.25 billion from $1.07 billion in 1999. Fourth-quarter income from commissions and fees grew 11% to $351 million from $316 million in 1999. Grey's management credited a strong performance by its marketing services units, which now make up 50% of the company's revenues. It singled out its direct marketing, public relations and healthcare operations--Grey Direct, GCI and Grey Healthcare, respectively--as strong performers in 2000.

Copyright February 2001, Crain Communications Inc.

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