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Since it revealed botched accounting in Aug. 2002, Interpublic Group has restated, revised and tweaked its numbers. Two big hits: Dec. 2002's $181.3 million in pre-tax charges for 1997-2001; last month's $550 million restatement for 2000-2004. How the top line and bottom line changed:

AdMarket 50

Focus on: New York Times Co. (NYT)

Advertising's post-recession recovery began in May 2002, and New York Times Co.'s stock hit an all-time high of $53 the next month. But the outlook for the Times then turned gray as advertisers and consumers turned more to the Internet and other media. The Times made a big Net bet, paying $410 million last March for But facing weak newspaper ad revenue, the Times is cutting jobs, and investors cut the stock price last week to the lowest point since April 1999.

Price $28.92

52-wk. high/low $41.62/$28.50

Projected P/E1 18.9

Market cap $4.2 B

Enterprise value2 $5.6 B

Revenue3 $3.3 B

Net income3 $292.6 M

1. Currrent price/estimated '05 earnings per share. 2. Market cap plus debt minus cash. 3. 2004

Source: Bloomberg, company reports, Ad Age analysis

Last week's score

The AdMarket 50 skidded to its lowest point since April amid new worries about weaker profits and higher inflation; 11 stocks rose, 39 fell.

AdMarket 50 1,429.76 -1.9%

DJ Wilshire 5000 11,953.84 -2.7%


Yum Brands $50.08 3.5%

General Electric Co. $34.22 1.6%

Publicis Groupe $32.30 1.4%

Meredith Corp. $50.56 1.3%

PepsiCo $57.47 1.3%


Digitas $10.22 -10.0%

General Motors Corp. $28.29 -7.6%

Ford Motor Co. $9.23 -6.4%

Procter & Gamble Co. $56.04 -5.8%

Omnicom Group $79.09 -5.4%

Advertising Age and Bloomberg's AdMarket 50 tracks 50 top marketer, media and agency companies. Bloomberg symbol: BAAX

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