WRAPUP 1-WPP, Interpublic results hit by advertising crash

Newswire

* Major ad companies cut costs to mitigate severe downturn * WPP lowers forecast after Q1 sales drop; shares down * Interpublic loss smaller-than-expected; shares rise By Paul Thomasch and Georgina Prodhan NEW YORK/LONDON, April 28 (Reuters) - Severely depressed quarterly results from WPP Group Plc and Interpublic Group of Cos Inc show just how far spending on advertising and marketing has fallen, and even the industry's top executives are not sure when it will come back. Britain's ...

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