Finance

Founder and CEO Miles Nadal out at MDC

MDC Partners’ controversial founder and CEO Miles Nadal is leaving the company as he battles an SEC investigation into his expenses. He will be replaced by long-serving director Scott Kauffman. MDC, which owns Anomaly, Crispin Porter, 72andSunny and Albion among ...

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Doubts over Newsweek Europe as editor Addis quits

The curse of Newsweek seems to have struck again with Europe editor Richard Addis, formerly editor of the Daily Express and Toronto Globe and Mail, leaving and its eight London-based editorial staff facing redundancy. Owner International Business Times has denied ...

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WPP China to move into vast new Shanghai HQ

We occasionally refer to ‘WPP Towers,’ meaning its modest HQ in posh Mayfair’s Farm Street. That houses CEO Sir Martin Sorrell and WPP apparatchiks, not operating companies. In London the phrase ‘Omnicon Towers’ is more appropriate as the WPP rival ...

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Embattled Starcom pulls out of $1bn GSK media review

The spate of global media reviews is an unfolding nightmare for Publcis Groupe’s media agencies, especially its main US player Starcom Mediavest. With between $20-30bn of global media up for review Starcom is defending all or a slice of many ...

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