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Groupon actually lost $413 million in 2010. Diving into the S-1, it turned out that Groupon only considered itself profitable because it used a peculiar accounting metric of its own creation — adjusted consolidated segment operating income, or ACSOI. Basically, Groupon was taking the money it was spending on advertising to acquire new subscribers to […]

Here are some details about Lynda Barry that didn’t appear in her autobiographical song. She’s a cartoonist whose weekly strip, “Ernie Pook’s Comeek,” was a staple of alternative newsweeklies for almost 30 years. (Next month, the publisher Drawn & Quarterly will release “Blabber Blabber Blabber,” the first in a 10-volume retrospective series of her work.) […]

“[Magazine covers] are very carefully researched. They test them: ‘Do you like this line better than this one?’ If you have to depend on blurbs to have people buy your magazine then you’ve got a piece of shit! You don’t have a brand! You don’t design a magazine for your audience; you create a great […]

The web was surprisingly good at emulating a TV, a newspaper, a book, or a radio. Which meant that people expected it to answer the questions of each medium, and with the promise of advertising revenue as incentive, web developers set out to provide those answers. As a result, people in the newspaper industry saw […]

“Put on the appearance of business, and generally the reality will follow.” And what follows then? Profit. How is this miracle achieved? First, through false superlatives and inflated rhetoric, e.g., “The world-famous _______ is the greatest one ever seen.” Then, through repetition: if one asserts a claim often enough, the claim (true or untrue) achieves, […]

Everyone is waiting for Omnicom, Interpublic, WPP, and Publicis to fade away. But these lumbering advertising behemoths have advantages over smaller, cutting-edge firms. “All these little companies with fun names,” says David Lubars, “we’ve kicked their butts.” Lubars is chairman and chief creative officer of Omnicom’s BBDO North America, an 82-year-old Madison Avenue agency with […]

In the ad business, the relatively good life of 2007 is as remote as the whiskey highs of 1962. “Here we go again,” moans Andy Nibley, the former CEO of ad agency Marsteller who, over the past decade, has also been the CEO of the digital arms of both Reuters and Universal Music. “First the […]

I had a perfectly normal childhood in Wichita Falls, a place Advertising Age once called the most average city in America. But I didn’t truly understand where I was from until I stepped inside the gates of the local state hospital and realized that every town has another side.

Alex Bogusky, advertising Dadaist, postmodern media manipulator, pop-culture Houdini, daddy of 21st-century advertising, and now a seeker of meaning on the dirt path of life, invites me and his monk into the FearLess Cottage. … “So, I have to ask,” I start. “Is there any notion of a midlife crisis in this? You do happen […]