So what happened in the 1980s?
In the first half of the 1980s, there were a number of sizable acquisitions of agencies by firms with deep pockets and the belief that the ad business was splitting into two parts: small shops serving mostly local accounts and a few enormous multinational agencies with huge global clients. Among the mergers were:
- Dailey & Associates (by Interpublic)
- McCaffrey & McCall (Saatchi & Saatchi)
- William Esty (Ted Bates)
- Cunningham & Walsh (Mickelberry)
- Kenyon & Eckhardt (Lorimar)
In 1982, in the largest deal to that date, Britain’s largest agency, Saatchi & Saatchi, paid $57 million for Compton Advertising, the 14th largest U.S. agency. They subsequently purchased Backer & Spielvogel and Dancer Fitzgerald Sample. That was just the beginning. BBDO acquired Waring & LaRosa; Foote, Cone & Belding bought Leber Katz Partners and NCK; Interpublic bought Metzdorf; Grey bought Levine, Huntley, Schmidt & Beaver, and the list goes on.
WPP – Wire Paper Plastics
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Omnicom
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Publicis Groupe
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