SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

                     PURSUANT TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

                                  March 3, 2003
                        (Date of earliest event reported)

                             GREY GLOBAL GROUP INC.

             (Exact name of Registrant as specified in its charter)



    Delaware                     0-7898                        3-0802340
   (State of             (Commission File No.)               (IRS Employer
Incorporation)                                            Identification No.)


                         777 Third Avenue, New York, New York 10017
                (Address of principal executive offices, including zip code)

                                 (212) 546-2000
              (Registrant's telephone number, including area code)

                                 Not Applicable
          (Former name or former address, if changed since last report)

ITEM 5. OTHER EVENTS.

On March 3, 2003, Grey Global Group Inc.  issued a press release  announcing its
operating results for the year ending December 31, 2002. A copy of the release
is attached hereto as Exhibit 99.1 and is incorporated by reference herein.

ITEM 7. EXHIBITS.

                     Exhibit Number Description of Exhibits

99.1 Press Release of Grey Global Group Inc. dated March 3, 2003

Pursuant  to the  requirements  of the  Securities  Exchange  Act of  1934,  the
Registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned thereunto duly authorized.

                             GREY GLOBAL GROUP INC.
                             By: /s/ Steven G. Felsher, Vice Chairman