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True North beats growth targets in second quarter

New business wins helped US advertising group True North blast through its target of organic growth for the second quarter of 2000.

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LONDON (Brand Republic) – New business wins helped US advertising group True North blast through its target of organic growth for the second quarter of 2000.

Agencies won new business from clients including Compaq, Boeing and Timberland to boost profits 29% to $27.1m from $21m for the same period last year. David Bell, True North chairman, said sales from new business wins increased to $537m, more than triple the $168m gained for the same period last year.

True North owns the FCB Worldwide and Bozell Worldwide networks, as well as internet consultancy Modem.Media.



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