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Consumer spending in the United States fell by 0.7% in June – the largest drop since September 2001, according to figures published by the Commerce Department. As reported in today’s Financial Times, US government statisticians have estimated that the economy grew slower than expected, up only 3% during the second quarter, owing to a 1%… Continue reading US Spending In June Matches Decline Of 2001

Ed Meyer, chairman and chief executive of Grey Global, could be in a for a $34 million cash payout if he succeeds in selling the advertising group for $1.3 billion. According to a report in The Times today, Meyer, 76, who has been Grey’s chief executive since 1970 is also thought to be entitled to… Continue reading Meyer Set For $34 Million Payout After Sale Of Grey

French advertising giant, Havas, has today posted only a small increase in organic revenue for the second quarter of 2004, despite improved conditions in the UK and European markets. Group revenues which were up by only 0.6% to â‚Ź393 million, after currency rate adjustments for the period March to June 2004, were dogged as expected… Continue reading Havas Revenues Held Back By Poor Growth In United States

ITV saw a slight rise in share price yesterday amid a poor performance by its peers. The broadcast giant climbed by 0.24% to close at 104žp in what was a tricky day’s trading yesterday, following a pledge to shareholders by company chairman Peter Burt that chief executive Charles Allen was not about to be ousted… Continue reading Sharewatch: ITV Rises As Burt Puts Confidence In Allen

Competition in the fledgling men’s weekly magazine market looks set to hot up later this year with news that Richard Desmond’s Express Newspapers is planning the launch of a new title provisionally called KO!.A spokesman for the publisher’s parent company, Northern & Shell, confirmed this morning that the name KO! was registered last month in… Continue reading Desmond To Knock Out Competition In Men’s Weekly Market

ITV Sales has strengthened its advertiser relationships team with two key appointments ahead of plans for a major client marketing drive to improve its image.ITV has hired two senior account directors and is looking for another high-profile agency figure to head the twelve-strong team, which was created following the merger of Carlton and Granada to… Continue reading ITV Raids Agencies To Bolster Advertiser Relationships Team

Emap is to become the first magazine publisher to strip out bulk sales figures for its consumer titles as part of move to increase transparency in next week’s Audit Bureau of Circulations release.The company will submit only ‘active purchase’ data for its portfolio of magazines, which fall into the Emap Consumer Media, Emap Performance and… Continue reading Emap Strips Out Bulk Sales Figures For Consumer Titles

Women’s monthly Elle will slim down this summer as publisher Hachette Filipacchi creates a new-look travel edition of the popular fashion and beauty title to entice busy readers to adopt it as part of their hectic lifestyles.The new edition will carry the same content as its parent title, and will be available at all travel… Continue reading Hachette Slims Down Elle For Travel Size Edition

French advertising giant, Havas, has today posted only a small increase in organic revenue for the second quarter of 2004, despite improved conditions in the UK and European markets.Group revenues, after currency rate adjustments, were up by only 0.6% to €393 million for the period March to June 2004, after being dogged as expected by… Continue reading Havas Revenues Held Back By Poor Growth In United States

ITV Sales has launched what it claims is a media first for television by collaborating with Carat and Buena Vista International to create a cross-media sponsorship package including movies and an interview with a Hollywood director.The deal has spawned an event dubbed Two Nights of Night by ITV, focusing on the work of film director… Continue reading ITV Creates Cross Promotion First With Movie Tie-In