Rumors About ICM's Jeff Berg “Untrue”

Let me knock down that rumor making the rounds that Jeff Berg is supposedly leaving ICM on April 15th as far as any operating capacity is concerned and will just stay on the board. Sources tell me that not only does Berg have a long-term contract that continues for many years and is focused on the long-term strategy with Chris Silbermann, who manages most of the day-to-day. Berg also just reinvested in the tenpercentery and is now one of its significant owners once again (after earlier cashing out). “This rumor is just totally outrageous and absolutely untrue,” I’m told. It’s no secret that ICM has suffered big losses and staff changes — but post-strike all the big agencies will shrink considerably. And while there was earlier merger talk between ICM and UTA, there’s nothing going on now.

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