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TM Advertising reportedly losing business at dramatic rate

May 28, 2009

This lead just came into the tip-box regarding ad agency TM Advertising, evidently the source is stating that TM Advertising has went from an $850,000,000 dollar firm to less than $200,000,000.

Also the part that hurts is that they have been firing people right and left.
Below is the complete lead we got:

FYI - With the loss of the $200 million Nationwide account, TM Advertising in
Dallas has lost another major client and now is in the process of slashing over
50 positions - many are very talented and don’t deserve this treatment
given that mis-management lost another good client. TM has dramatically shrunk
from $850 million in 2001 to now less than $200 million now…

Anyone have more information on this?

rba1_09

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Written by TheFounder · Filed Under Advertising Agency News 


Comments

  • CC

    TM Advertising has many problems starting with the management. The management is outdated and stale. The human resources covers up wrong doings which includes inflated expenses, hiring of freelancers while regular employees are laid off. Creative has no experience and leadership is horrible. They have spent millions on trying to get new accounts and have not. Broadcast sends same old reel to all potential clients. Reel is done by a support team instead of creative monitoring the whole procedure. Management has destoyed TM.