It has been a rough year for Cathy Finlon, but at least 2009 will be starting off on a positive note: She’ll be inducted into the Colorado Business Hall of Fame in February with Bruce Benson, Sam Maynes, Jordon Perlmutter, Jack Vickers and the Loo family.
The Denver Daily News talks to Denver Zoo and Vail Resorts about their plans following McClain Finlon’s decision to close its doors.
McClain Finlon founder Cathey Finlon is selling her firm, which was devastated earlier this year when it lost the Qwest account to Chicago-based draftfcb. The firm’s president, Paul Leroue, will acquire a majority stake and the CEO title, and Finlon will remain as chairwoman of the board with a minority stake. Terms of the deal have not been disclosed.
Qwest is launching its first new advertising campaign since it dumped Denver-based McClain Finlon for Chicago-based Draftfcb. The campaign, “Get in the Loop,” will appear in print, and on television, billboard and online properties. You can view the concepts here.
Denver ad shop McClain Finlon is rumored to have notified more than 100 of its 170 staffers last week that they will be terminated in February when the Qwest account officially ends. The number seems a little high given that AdWeek estimates that Qwest represented 30 percent of the agency’s business.
Jeff Smith at the Rocky Mountain News reports that Denver ad firm McClain Finlon is expected to layoff an undetermined number of staffers in February due to the loss of Qwest Communications’ consumer account. Chicago-based Draftfcb announced several weeks ago that it had won the Qwest account, which is reported to be worth $95 million annually. AdWeek estimates that Qwest represented 30 percent of McClain Finlon’s total business, so dozens of staffers could be affected.