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INTERPUBLIC GROUP FORMING OCTAGON SPORTS MARKETING ARM

          NY-based Interpublic Group of Companies announced that
     its new sports marketing arm will be called Octagon. 
     Interpublic Board Dir Frank Lowe was named Chair & CEO of
     the division.  In addition, Interpublic exec Les Delano was
     named to the newly formed Board of Octagon (Interpublic
     Group).  AD AGE adds that Interpublic acquired Advantage
     Int'l and 60% of sports marketing company API Associates
     last year.  Both will report to Octagon (AD AGE, 1/15). 

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