1993
The Internet becomes a reality as 5 million users worldwide get online.
Corbis/Kevin Fleming
1995
TBWA and Chiat/Day merge.
1995
Following crises within the organization, Saatchi & Saatchi re-emerges under newly created Cordiant.
1997
WPP combines the media operations of JWT and O&M to form The Alliance, the largest U.S. media buyer with more than $2 billion.
1998
The Wells agency shuts its doors.
1998
Cigarette makers and state attorneys general draft a $206 billion deal that curbs marketing and settles lawsuits to recover Medicaid costs.
Jessica Persson/AFP
1993
Philip Morris announced plans to cut the price of its flagship Marlboro brand and heavy up on promotional outlays. The move, coined "Marlboro Friday," plunged Philip Morris' shares 23% and reverberated to other package goods stocks.
1994
In the largest account switch in history, IBM Corp. yanks its business from scores of agencies worldwide and consolidates the entire account with O&M.
1995
As its share price plunges 30%, Maurice and Charles Saatchi leave the agency they founded in 1970.
1997
Cordiant spins off Saatchi & Saatchi and Bates Worldwide into separate companies.
1998
Interpublic combines its Western International Media with Initiative Media in Paris to create the world's largest media management shop with $10 billion in billings.
1999
Internet advertising breaks the $2 billion mark and heads toward $3 billion as the industry, under prodding from Procter & Gamble, moves to standardize all facets of the industry.


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