Omnicom Group reports income down 13.7% in Q4

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Demonstrating just how badly mainline agencies are suffering from the recession, Omnicom Group reported that Q4 net income was down 13.7% to $271 million from $313.9 million for the period a year ago. Full-year net income was up 2.5% to $1 billion. The company did not break out how its healthcare units are faring.  
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