WPP: A Fallen Advertising Giant Trading At >10% FCF Yield

Core Viewpoint - WPP, once the largest advertising holding company globally, is currently facing a crisis due to the loss of major clients like Mars and PepsiCo [1] Group 1: Company Performance - WPP has experienced significant client attrition, losing key accounts that are critical to its revenue stream [1] Group 2: Industry Context - The advertising industry is witnessing shifts as major clients seek alternatives, impacting traditional advertising giants like WPP [1]