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Talks have collapsed between JCDecaux and News Corporation over a $1 billion (£750 million) deal which would have seen the outdoor giant merge with News Corp’s outdoor business, News Outdoor Group (see JCDecaux And News Corp In Talks To Create World’s Largest Outdoor Firm). The deal would have created the world’s largest outdoor company, overtaking… Continue reading JCDecaux And News Corp End Ad Discussions

WPP Group has released a statement confirming it has secured 81.8% of TNS shareholders’ backing for its £1.1 billion takeover bid.Last week, WPP extended TNS’ deadline to 3pm yesterday afternoon, after receiving just 60.86% of valid acceptances as Friday’s deadline expired. (see WPP Extends TNS Offer Deadline).In response, the TNS board urged shareholders to accept… Continue reading WPP Secures Unconditional TNS Offer

WPP Group has confirmed that it has secured 81.8% of TNS shareholders’ backing for its £1.1 billion takeover bid. Last week, WPP extended TNS’ deadline to 3pm yesterday afternoon, after receiving just 60.86% of valid acceptances as Friday’s deadline expire (see WPP Extends TNS Offer Deadline). In response, the TNS board urged shareholders to accept… Continue reading WPP Secures TNS Shareholder Backing For Takeover

Google has announced that its proposed $800 million (£455 million) search advertising deal with Yahoo! has been delayed due to the US Department of Justice (DoJ) investigation.The DoJ said it needs time to continue its investigations into the deal and its implications on the industry, according to reports.Both companies issued statements to explain the deal… Continue reading Google And Yahoo! Deal Delayed

ITV has confirmed a number of senior appointments to its newly-reshaped commercial sales team, led by commercial sales director Gary Digby.Reporting directly to Digby, Mark Trinder and Jeremy Lawrence have been appointed as group account directors for ITV Commercial, responsible for managing senior relations with agencies and clients.Trinder and Lawrence will also be in charge… Continue reading ITV Announces Senior Commercial Appointments

WPP chief executive, Sir Marin Sorrell, has urged media companies to start investing, not cutting down, during the credit crunch. Speaking to Media Week, Sorrell said: “Industry research has consistently shown that if we cut marketing during such times, the impact is damaging and it can take you longer to get back to where you… Continue reading Sorrell Tells Media Companies To Start Investing

Taylor Nelson Sofres (TNS) has released a statement recommending that shareholders accept WPP’s £1.1 billion takeover offer.In a controversial twist, TNS said its board “continues to believe that the WPP offer undervalues TNS,” but warns that “TNS shareholders who do not accept the WPP offer could as a result own a minority interest in an… Continue reading TNS Tells Shareholders To Accept WPP Offer

WPP Group has released a statement announcing plans to extend the original Friday deadline for its £1.1 billion offer of TNS until 3pm this Wednesday, October 8. WPP Group, led my Sir Martin Sorrell, announced that valid acceptances of the offer had now climbed to 60.86% of TNS shareholders last Friday, when the previous deadline… Continue reading WPP Extends TNS Offer Deadline

WPP Group has extended the deadline for its £1.1 billion offer of TNS until 3pm this Wednesday, October 8.WPP Group, led my Sir Martin Sorrell, announced that valid acceptances of the offer had now climbed to 60.86% of TNS shareholders on Friday, when the previous deadline expired.Last week WPP warned the market research company that… Continue reading WPP Extends TNS Offer Deadline

Virgin Media Television has announced two new senior appointments to strengthen its commercial team, including Ivan Ali-Khan to the newly-created position of head of digital.David Cuff has also joined the company as commercial director, having previously worked at Flextech Television and Initiative Media as well as running his own consultancy business, Cuff Media.Cuff will be… Continue reading Virgin Media TV Appoints First Head Of Digital