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Earnings
WPP: Digital Will Be Two-Thirds Of Our Business In Three Years

Mar 5, 2010 9:31 AM

WPP has pledged that new media services will make up two-thirds its revenues in “three or four years” and that it expects 2010 to be a stable year, as it reported an 11 percent drop in profits to £663 million ($1 billion) after a “brutal” 2009 and a particularly low…

EPS* Rev. vs Q408 Net Inc. vs Q408
WPP Release N/A Revenue Indicator 16.1% N/A
* vs. Analysts' Estimates: Beat Analysts' Estimates Beat Met Analysts' Estimates Met Missed Analysts' Estimates Missed
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Posted In: Money, Earnings, Companies, WPP

WPP’s Sorrell: Google Blundered In China, Should Open Its Robe To Europe

Mar 2, 2010 5:48 AM

With a possible European Commission antitrust inquiry looming over Google (NSDQ: GOOG), the advertising boss who says “we’re Google’s biggest customer” has come out batting for marketers he says are gagging for regulatory measures. “The ‘G’ word” is “competitively dangerous”, WPP CEO Sir Martin Sorrell told the FT Digital Media…

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Posted In: Advertising, Companies, WPP, martin sorrell

Why Yahoo Should Buy WPP

Jan 14, 2010 10:30 AM

Alok Kejriwal is CEO and co-founder of the online gaming company games2win.com. He blogs at rodinhood.com. In October of last year alone, Yahoo (NSDQ: YHOO) attracted 605 million unique Internet users (50% of the global Internet population), got them to return another 18 times, stick around for 9.5 minutes during…

The case for a Yahoo-WPP deal »

Posted In: Companies, WPP, Yahoo

Online Buzz Tracker Visible Technologies Gets $22 Million More

Jan 13, 2010 12:41 PM

Visible Technologies, which helps companies track what people are saying about them online, has raised $22 million in a third round of funding led by new investor Investor Growth Capital; existing investors Centurion Holdings, Ignition Partners, In-Q-Tel and WPP also participated. The new funding means that the company will have…

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Posted In: Money, M&A & Venture Capital, Venture Capital, Social Media, Technologies / Formats, Companies, WPP, centurion holdings, ignition partners, in-q-tel, investor growth capital, visble technologies

Industry Moves
Google Hires Former Enfatico CEO Boone To Manage Agency Development

Jan 13, 2010 12:13 PM

Google (NSDQ: GOOG) has hired ad industry vet Torrence Boone as managing director for agency development in North America, Ad Age reported. Although Google is not considered the “frenemy” it once was by the major ad agencies, the search giant’s ability to reach out has been hampered for the past…

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Posted In: Advertising, Industry Moves, Companies, Google, WPP, torrence boone

Industry Moves
GroupM North America Reorg Puts Digital Chief Rob Norman In The CEO Seat

Jan 4, 2010 3:58 PM

Rob Norman (pictured) will add the title of CEO of GroupM North America to his current role as head of GroupM Interactive, the WPP media unit’s digital arm. Norman replaces Marc Goldstein, who will leave his role as GroupM NA CEO effective March 31.  Goldstein has been in the post…

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Posted In: Advertising, Industry Moves, Companies, WPP

Earnings
Earnings: WPP Sales Fall In ‘Less Worse’ Q3

Oct 30, 2009 3:43 AM

WPP CEO Sir Martin Sorrell had predicted a two percent revenue fall for 2009, then revised it downward to four percent after a lackustre first half. In reality, both figures are wide of the mark: for the first nine months of the year, WPP made revenue of £6.29 million—an impressive…

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Posted In: Advertising, Money, Earnings, Companies, WPP

Yahoo Puts Goodby In The Lead On Brand Campaign, Tells Ogilvy To Step Aside

Oct 19, 2009 11:14 PM

Just a month into its $100 million branding campaign, Yahoo (NSDQ: YHOO) is switching gears and handing the reins to Omnicom Group shop Goodby, Silverstein & Partners from the previous agency lead, WPP’s Ogilvy & Mather, AllThingsD’s Kara reports. San Francisco-based Goodby, most famous for its “Got Milk?” ads, comes…

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Posted In: Advertising, Marketing, Companies, WPP, Yahoo

WPP’s Sir Martin To Olympic Committee: Embrace YouTube Or Lose Your Audience

Oct 5, 2009 11:11 PM

With the 2016 Olympic Games all squared away and set for Rio de Janeiro, members of the International Olympic Committee could get down to more serious business—such as how to handle the issue of online video. WPP Group CEO Sir Martin Sorrell had some very simple ideas for the IOC…

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Posted In: Advertising, Entertainment, Sports, Digital Olympics, Media & Publishing, TV, Social Media, Video, Companies, WPP, Countries, Europe

Court Dismisses WPP’s $13 Million Lawsuit Against Spot Runner; WPP Plans To Appeal

Sep 28, 2009 6:07 PM

WPP Group’s lawsuit against web-based TV creative ad agency Spot Runner for securities fraud and breach of contract has been dismissed, sources close to the legal dispute tell paidContent. WPP, which helped lead a $40 million funding in the Los Angeles company about three years ago, accused Spot Runner of…

the decision, embedded »

Posted In: Advertising, Legal, Companies, WPP

Delaware Ad Firm Sues JTW, WPP Over Bing Product Placement Campaign

Aug 27, 2009 12:21 PM

Denizen, a small Delaware ad firm, is suing JWT and its parent WPP over the idea to use product placement to promote Microsoft (NSDQ: MSFT) search engine, Bing, AdAge reports. The suit grows out of an alliance that Denizen says tried to strike with WPP in 2002 to share its…

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Posted In: Advertising, Entertainment, Legal, Marketing, Media & Publishing, TV, Broadcast, Companies, WPP

Earnings
Earnings: WPP Revenue Slides But Digital Target On Track

Aug 26, 2009 4:09 AM

In the first half of 2009, advertising group WPP made one quarter of its revenue from its digital activities, showing that advertisers are investing in new online ways to track, measure and expose their brands in the recession. In an unaudited interim report covering the six months to June 30,…

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Posted In: Advertising, Money, Earnings, Companies, WPP

WPP’s Sorrell: 2009 ‘Very Tough’, Zuckerberg Made Mistake On Beacon

Jan 22, 2009 4:19 AM

No surprise that Martin Sorrell sees the next few months as “very tough”, but the WPP ad group CEO also reckons the financial markets will improve in the second half of the year, leading to a “real-world” recovery in 2010 (via Bloomberg). By that time, though, the advertising world will…

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Posted In: Advertising, Companies, WPP, martin sorrell

WPP Phasing Out MediaCom Digital Unit Beyond Interaction

Jan 21, 2009 8:36 AM

WPP Group will discontinue media buying and planning shop MediaCom’s Beyond Interaction unit as it seeks to further streamline its traditional and digital advertising services, Mediapost reported. The move comes almost a year after MediaCom initiated a global realignment of its digital unit. At the time, Beyond Interactive, as the…

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Posted In: Advertising, Companies, WPP, beyond interaction

Razorfish Buys Spanish Digital Ad Shop Wysiwyg; Lays Off 40 In New York

Oct 31, 2008 3:33 PM

Looking to expand its European presence, Microsoft’s Razorfish has bought Spanish digital ad shop Wysiwyg. Terms were not disclosed. But as Razorfish was adding elsewhere, it was subtracting in the U.S., as Bloomberg reported that the company laid off 40 staffers in New York this week. The job cuts represent…

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Posted In: Advertising, Jobs & Layoffs, Money, M&A & Venture Capital, Mergers & Acquisitions, Companies, Microsoft, WPP, Countries, Europe, Spain, layoffs

WPP Could Win The Battle For TNS By Week’s End: Report

Sep 30, 2008 12:40 PM

WPP Group CEO Sir Martin Sorrell’s persistence could finally pay off this week. After months of having its offers rejected again and again by audience monitor TNS Media Intelligence, the ad giant could finally prevail in its bid to take over the company, Ad Age reports. TNS executives have continued…

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Posted In: Advertising, Marketing, Money, M&A & Venture Capital, Mergers & Acquisitions, Companies, WPP, tns media intelligence

Industry Moves
Industry Moves: Digitas’ Prescott Joins New WPP Digital Production Unit As CEO

Aug 28, 2008 9:41 AM

Former Digitas exec Neal Prescott has been named CEO of WPP Digital’s new production services unit, Deliver. The new unit will tie together production services in Asia, Eastern Europe, Latin America and South Africa and work with all of WPP’s digital properties, including Actis Systems (Russia), AGENDA (China), Wunderman’s ZAAZ…

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Posted In: Advertising, Industry Moves, Marketing, Companies, WPP, neal prescott

GfK Ends Bid For TNS—All Clear For WPP Takeover?

Aug 26, 2008 4:58 PM

German audience measurement firm GfK appears to be withdrawing its bid for British research company Taylor Nelson Sofres, according to Reuters, which cited a story in Germany’s Manager magazine based on unidentified sources. GfK is said to be dropping its bid because Apax, the PE firm that agreed to help…

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Posted In: Advertising, Money, M&A & Venture Capital, Mergers & Acquisitions, Companies, WPP, Countries, Europe, Germany, gfk, tns media intelligence

WPP Makes Hostile Bid For TNS; GfK Considers Cash Bid In Response

Jul 9, 2008 7:42 AM

As expected, WPP Group is making a hostile bid for audience measurement firm Taylor Nelson Sofres, which has rejected the ad holding company’s three previous offers, Reuters reports. That in turn, has led UK-based TNS’ preferred suitor, Germany audience measurement provider GfK to rethink the combination of equals that was…

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Posted In: Advertising, Money, M&A & Venture Capital, Mergers & Acquisitions, Companies, WPP, Countries, Europe, Germany, gfk, tns media intelligence

TNS Seals GfK Merger, Forcing WPP’s Hand On Expected Third Offer

Jun 4, 2008 3:02 AM

Audience measurement firm Taylor Nelson Sofres has confirmed its merger with German rival GfK in a probable attempt to stave off a third acquisition bid from Sir Martin Sorrell’s WPP. The pair agreed a nil-premium 50-50 merger that would create the world’s second largest market research outfit after Nielsen and…

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Posted In: Money, M&A & Venture Capital, Mergers & Acquisitions, Companies, WPP

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