MEMBER AGENCIES BUY OUT WORLDWIDE PARTNERS

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The 81 independent agencies that are members of the Worldwide Partners network collectively bought Worldwide Partners for undisclosed terms. Member agencies are located in 41 countries and together employed 5,200 people and billed $4.2 billion in 2000. Clients using the network include Credit Suisse First Boston, The Eastman Chemical Company and Dyneon. The organization was formed in 1938 as the American Advertising Agency Network when five U.S. local agencies agreed to serve as one another's branch offices. U.S. members include: Kirshenbaum Bond & Partners, New York and San Francisco; Archer/Malmo, Memphis, Tenn.; Grant/Jacoby, Chicago; Mintz & Hoke, Avon, Conn.; and Harris Drury Cohen, Ft. Lauderdale, Fla.

Copyright March 2001, Crain Communications Inc.

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