Finance

New CEO Kauffman says it’s business as usual at MDC

So far so good it seems for MDC Partners, which has parted with founder and CEO Miles Nadal who’s being investigated by the Us SEC for various alleged misdemeanours. Nadal has agreed to pay back the company a further $12.7m ...

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WPP report shows US clients slashing adspend

George ‘Adscam’ Parker kindly alerts me to some of the goodies in WPP’s current annual report (George doesn’t see them as goodies), in particular this interesting table from WPP’s Kantar Media showing the top 20 US advertisers busily cutting expenditure, ...

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Express and Mirror consider extraordinary tie-up

To anyone who can remember the high old days of Fleet Street, when the nation’s hacks proudly strutted their stuff, although not necessarily in the straightest of lines, the notion of the Express and Mirror getting together seems downright preposterous. ...

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Struggling P&G slashes $300m from agency costs

Consumer goods giant Procter & Gamble – the world’s biggest advertiser but currently bedevilled by flat sales and profits – is making its extensive agency line-up take the hit as it moves more money from agency fees into bigger media ...

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Facebook now main rival to Google in mobile ads

Facebook made about three quarters of its $3.82bn second quarter ad revenue from mobile, according to CEO Mark Zuckerberg, up from $2.8bn. Zuckerberg (left) is promising more of the same as Facebook’s still growing user base – now about 1.5bn ...

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Poser as WPP emerges as minor partner in Chime deal

Some time today Chime Communications – the quoted British marcoms group that owns agency VCCP and a gaggle of sports marketing businesses under the CSM banner – should announce that it’s agreed to a takeover from big media and sports ...

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How sticking with CHI paid off for Travelodge

One of the supposed truths about advertising is that repitches – defending your agency’s account against the blandishments of rivals – aren’t worth it. If a client is looking around, for whatever reason, then your time’s up. Why waste time ...

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