I know our friend George Parker has an opinion or two about the CEO of WPP, but how did Sorrell get to be one of the most powerful people in the advertising industry? Here’s a good overview of Sorrell’s background, which is in the news again as he’s currently involved in a pretty nasty lawsuit […]
“We’re turning Interpublic into a real company.” So says Michael Roth, CEO of Interpublic. Ad Age has the full report on what Roth said today at a media-industry conference.
Over at Adweek they’ve printed the 10 finalists in the Wal-Mart review, said to be worth approximately $570 in billings per year. In addition to the two incumbents, GSD&M and Bernstein-Rein, the others include…are you ready for this? WPP Group’s Ogilvy & Mather and JWT, both in New York; Publicis Groupe’s Publicis and Saatchi & […]
According to New York Post, WPP Group is unraveling Red Cell, the mixed bag of agencies it tried to knit together in 2001 into a worldwide network. The move comes on the heels of Coca-Cola’s decision to shift creative duties on its North American ad account for its namesake brand from WPP’s Berlin Cameron/Red Cell […]
There’s a Cowboy Junkies song that goes, “Good news always sleeps ’till noon.” So when IPG posts its restated financial figures for the last 4 years on its website, they’re going to post them at 6 in the morning on Friday. That can’t be good, can it?
The New York Times: The Publicis Groupe has approached a competitor, the Aegis Group, to discuss a possible takeover bid valued at around £1.56 billion, or about $2.8 billion, people close to the companies said yesterday. One person cautioned that the talks between the two advertising companies were preliminary, but a takeover would accelerate the […]
Brokerage firms are almost always eternal optimists when it comes to stocks. Even if they don’t like a stock, they’ll trot out a euphemism like “sector underperform” or “underweight” when they recommend dumping the stock but can’t really say that due to corporate politics. So you know this is serious: Merrill Lynch on Thursday downgraded […]
From Ad Age: WellPoint, the nation’s largest health insurer, has awarded its advertising account to Publicis Groupe’s Publicis & Hal Riney, San Francisco, two executives familiar with the review said. Hal Riney won the pitch against three WPP Group agencies, each of which fielded an integrated “best of class” team from across network offices. Y&R […]
The French advertising group Havas said on Tuesday that its chairman and chief executive, Alain de Pouzilhac, was stepping down, after a public clash with a big investor, Vincent Bolloré. Mr. de Pouzilhac’s exit from Havas ends an almost yearlong battle with Mr. Bolloré, the head of the manufacturing company, the Bolloré Groupe, which became […]
from Adweek: Groupe Bollore, the principal company of corporate raider Vincent Bollore, said it has used about 55 million Havas shares to borrow more than $270 million from an unnamed French financial firm, fueling speculation that Bollore will raise his 22 percent stake in the holding company. Paris-based Havas is the parent of the Arnold, […]