True North To Postpone Annual Shareholders Meeting

Apr 04, 2001, 01:00 ET from True North Communications, Inc.

    CHICAGO, April 4 /PRNewswire/ -- True North Communications Inc.
 (NYSE:   TNO) said today that the Company is postponing its Annual Shareholders
 Meeting initially scheduled for May 16, 2001.  The Annual Shareholders Meeting
 is being postponed because True North has reached a definitive agreement, as
 recently announced, to combine with The Interpublic Group of Companies, Inc.
 in a transaction that would create the world's largest marketing
 communications and services group.
     True North added that, following the required governmental and regulatory
 processes and approval, it will schedule a shareholders meeting to vote on the
 transaction.
 
     About True North
     True North Communications is one of the world's top 10 global advertising
 and communications holding companies.  It has three major global brands: FCB
 Worldwide, advertising; BSMG Worldwide, public relations; and Marketing Drive
 Worldwide, marketing services.  In addition, True North has a strong set of
 other brands including Bozell Group, New America Strategies Group, Temerlin
 McClain, R/GA, Tierney Communications and TN Media.  True North also has a
 stake in the German-based advertising agency, Springer & Jacoby.  Based in
 Chicago, True North had 2000 revenues of approximately $1.5 billion.
 
 

SOURCE True North Communications, Inc.
    CHICAGO, April 4 /PRNewswire/ -- True North Communications Inc.
 (NYSE:   TNO) said today that the Company is postponing its Annual Shareholders
 Meeting initially scheduled for May 16, 2001.  The Annual Shareholders Meeting
 is being postponed because True North has reached a definitive agreement, as
 recently announced, to combine with The Interpublic Group of Companies, Inc.
 in a transaction that would create the world's largest marketing
 communications and services group.
     True North added that, following the required governmental and regulatory
 processes and approval, it will schedule a shareholders meeting to vote on the
 transaction.
 
     About True North
     True North Communications is one of the world's top 10 global advertising
 and communications holding companies.  It has three major global brands: FCB
 Worldwide, advertising; BSMG Worldwide, public relations; and Marketing Drive
 Worldwide, marketing services.  In addition, True North has a strong set of
 other brands including Bozell Group, New America Strategies Group, Temerlin
 McClain, R/GA, Tierney Communications and TN Media.  True North also has a
 stake in the German-based advertising agency, Springer & Jacoby.  Based in
 Chicago, True North had 2000 revenues of approximately $1.5 billion.
 
 SOURCE  True North Communications, Inc.