Finance

UK’s COI to publish agency fees for government ads

Which is the last thing ad agencies need as they face up to the likely cuts the new Conservative-Liberal Democrat government is likely to impose on the hitherto generous Central Office of Information, the body that handles government ad spending. ...

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Dooner’s $37m pay-off sharpens focus on top ad exec pay

McCann Worldgroup CEO John Dooner is retiring with a $37.7m pay-off, though he’ll be staying on at the company as a consultant. Or, as Adweek says in this report, be paid $2.5m for 15 years in return for not working ...

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Car sales drive China boom (bling’s doing OK too)

According to the Wall Street Journal’s Wealth Report a lady in China sent 30 Mercedes to the airport to pick up her $580,000 Tibetan mastiff last month. It’s not known what the other 29 were for, one unkind comment in ...

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Asia Pacific TV adspend overtakes ‘depressing’ Europe

Who’d be a European these days, especially in the Eurozone? WPP’s Sir Martin Sorrell for one seems to regret it, describing the advertising outlook in Europe as “depressing” at the recent International Advertising Association conference in Moscow. By contrast advertising ...

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Standard Chartered shows marketers the way in India

British bank Standard Chartered, which does 90 per cent of its business in the Far East and India, is to become the first foreign company to list shares (known as Indian Depository Receipts) on an Indian stock exchange. The company, ...

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Procter & Gamble puts ad agencies on the green spot

If it wasn’t bad enough dealing with the procurement department and its desires to reduce costs to nil, ad agencies and others are now finding their environmental practices under (potential) fire. The world’s biggest advertiser Procter & Gamble has just ...

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ITV new boy Crozier moans too much about CRR verdict

The UK Competition Commission has decided to keep the Contract Rights Renewal system for ITV (which prevents the network jacking up prices for advertisers who reduce their spend) although it says it won’t stay ‘for ever.’ But why shouldn’t it? ...

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Samsung sets out to become the world’s jolly green giant

No, not a producer of canned vegetables but the world’s biggest producer of ‘green’ environmentally friendly products. The South Korean giant, which accounts for 20 per cent of that country’s exports, is to launch or expand businesses in five sectors ...

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