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FIGURE 12.1

THE TOP HOLDING FIRMS, WITH PUBLIC RELATIONS SUBSIDIARIES, 2012 (BY WORLDWIDE REVENUE IN U.S. DOLLARS)

Source: “World’s 10 Largest Agency Companies,” Advertising Age, December 31, 2012, p. 26.

Note: Revenue represents total company income including PR agencies. Omnicom and Publicis announced their merger in 2013.