The U.S. Justice Department has cleared five ad holding companies in its two-year probe into commercial production practices and possible bid rigging, MediaPost reports.
“Interpublic Group, Omnicom, Publicis Groupe, WPP and MDC Partners all confirmed the DOJ has notified them that the investigation has concluded with regard to any and all of their respective entities. No action has been taken against the firms or their employees,” MediaPost reports.
The report adds: “Omnicom and MDC submitted brief SEC filings today confirming the developments. Representatives at IPG, WPP and Publicis confirmed the news in response to queries.”
MediaPost also reports: “Word of the DOJ commercial practices probe followed a widely reported investigation commissioned by the ANA (and carried out by K2 Intelligence) that focused primarily on media-buying practices. It also explored commercial production practices, but that portion of the investigation did not make it into the final report.”