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WPP has announced the acquisition of 51% of the issued capital of Asia Pacifice promotions marketing company Maxx Marketing Limited, by its wholly owned operating company Ogilvy & Mather Asia Pacific. Maxx creates and fulfills tailor-made promotional campaigns for clients from its offices in Hong Kong, Seoul, Manila, Shanghai, Bangkok and Los Angeles. Clients include… Continue reading Ogilvy & Mather Acquires Asia’s Maxx Marketing

SMG has increased its interest in Scottish Radio Holdings (SRH) again today, following a similar deal yesterday (see SMG Continues To Build Scottish Radio Stake). The Scottish media group has been building its SRH holding gradually for some time now (see City News). This morning it acquired a further 175,000 shares at 1,375p each, or… Continue reading SMG Takes Scottish Radio Stake To 29.1%

Anglo-Dutch publishing group Reed Elsevier this morning turned in better than expected yearly revenue, a day after its proposed acquisition of US medical publishing group, Harcourt General, was referred to the Competition Commission in the UK. Revenues for 2000 grew by 9% to £3.77 billion and pre-tax profit dropped by 3% to £690 million. Both… Continue reading Reed Results Beat Expectations

22 February 2001 Media group SMG this morning announced that it has bought a further 747,699 shares in Scottish Radio Holdings, representing a 2.3% stake in the company. The shares were priced at 1,595p each, a slight premium on Wednesday’s closing price of 1,587½p, valuing the stake at £11.9 million. SMG now holds a 23%… Continue reading SMG Takes Further Stake In Scottish Radio

Global advertising and communications group WPP this morning announced pre-tax profit growth of 43% to £365.7 million for the year ended 31 December 2000. The record profits include the incorporation of the Young & Rubicam advertising network which WPP acquired in May last year to create the world’s largest advertising group. Revenues at the combined… Continue reading WPP Sees Record Profits

21 February 2001 The proposed acquisition of Harcourt General by Anglo-Dutch publisher Reed Elsevier was given a surprise referral to the Competition Commission today. Reed announced plans to buy the US medical publishing company for £31 billion in October last year. The takeover would have created the world’s largest scientific and medical publisher. However, Kim… Continue reading Reed Elsevier’s Harcourt General Acquisition Is Sent For Investigation

According to a research by Gartner Group, Inc. the number of US companies sending out business invoices over the Web will nearly triple by the end of 2002 to 26 percent, up from today’s 9 percent. By the end of 2004, this number is projected to rise to 35 percent. Business to business electronic invoicing… Continue reading B2B Internet Billing will triple by 2002 says Gartner

Broker ABN Amro has this morning downgraded its earnings estimates for United Business Media (UBM) by 10%, ahead of an expected advertising slow-down in the hi-tech publishing market. UBM was created following United News & Media’s (UNM) disposal of its consumer media assets at the end of last year. Part of this disposal included the… Continue reading UBM Could Be Hit By Hi-Tech Ad Slow-Down, Warns ABN Amro

The Institute for Practitioners in Advertising (IPA) has issued its formal response to the Government’s Communications White Paper. It gives cautious approval to plans for a single Ofcom regulator but is disappointed that regulation of the BBC will not be included in its remit. The group wants close consultation on the development of Ofcom and… Continue reading IPA Gives Cautious Approval To Ofcom

IPC has announced an investment strategy that will see the establishment of an events and exhibitions business. IPC LIVE! has plans for four new initiatives during the next six months to build on the company’s branded event activities, with steadily increasing activity planned for the coming year. “The exhibitions market is a dynamic and growing… Continue reading IPC Media To Invest In Exhibitions And Events Business