WPP: ‘Armageddon’ Averted as Ad Company Hits Optimistic Notes

NEW YORK (AdAge.com) — Noting that consumer and corporate confidence has "somewhat" recovered from the "panic levels" they hit at the end of 2008 and the beginning of this year, WPP, the world's biggest advertising company said its third-quarter revenue dropped 8.7%, to $3.3 billion, compared to the year-ago period.

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