Grey posts billings gain

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Grey Advertising, New York, reported first-quarter gross billings of $1.26 billion, up 8.6% from a year ago. Income from commissions and fees rose to $188.7 million, up 8.8%. Net income was $4.6 million, off 27% from last year when results were affected by sale of an interest in a subsidiary.

Copyright May 1997, Crain Communications Inc.

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