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.


Net Income for First Nine Months Down 74%

By Published on .

NEW YORK (AdAge.com) -- Grey Global Group reported weak third-quarter results, with net income down 71% to $1.51 million, from $5.14 million in 2000, and revenue down 2% to $296 million, from $302 million in 2000.

Revenue for the first nine months of the year was up 2% to $915 million, and net income was down 74% to $4.2 million.

The company attributed the results to U.S. economic conditions, worsened by the effects of the Sept. 11 attacks.

A strong show overseas, where revenue grew 5% for the quarter and 9% for the first nine months, was not enough to make up for weak results in the U.S., where revenue dropped 11% for the quarter and 6% for the first nine months.

Most Popular
In this article: