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The City editor of the Evening Standard, Chris Blackhurst, has condemned Sir Martin Sorrell’s plans to relocate WPP’s domicile to Ireland.In an article published yesterday, Blackhurst said he disapproved of Sorrell’s decision to move WPP’s British headquarters to Ireland to avoid the threat of higher corporation tax.He said: “I’m baffled by the decision of Sir… Continue reading City Editor Says Sorrell Is Making A Bad Move

ITV1’s The X Factor attracted over 10 million peak viewers this weekend, well ahead of other weekend viewing figures.On Saturday, almost 11 million peak viewers tuned into see the remaining 24 acts perform at their mentor’s mansions, while the second-part show on Sunday attracted over 10 million viewers.The judges were forced to make their final… Continue reading X Factor Stole The Show

Condé Nast Magazines’ managing director, Nicholas Coleridge, delivered a rallying cry to the magazine industry on Friday, saying it had a “rosy future”.Speaking at the PPA Regional Magazine Summit, Coleridge recounted the time he attended a PPA conference 16 years ago to be told digital magazines would bring the imminent end of the magazine industry.However,… Continue reading Coleridge Outlines His Defence Of Magazines

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

Max Clifford outlined his vision of how regional magazines can uplift communities in comparison to national media at the PPA Regional Magazines Summit on Friday morning.Clifford, a regular columnist for Surrey Life, urged those involved in the industry to counterbalance the bad news that is reported in national media with positive local stories.He said he… Continue reading Max Clifford Reveals His Vision For Magazines

Ofcom’s latest digital television update, for the second quarter of 2008, reveals that take-up of multichannel television on main sets in UK households increased by 0.8%, from 87.2% to 88% in Q2.The report found that over 22.5 million households had multichannel television equipment connected to their primary set by the end of Q2 2008.Now that… Continue reading Digital TV Households In UK Up To 88%

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

The Independent has scrapped its stand-alone media supplement, replacing it with a new 24-page sports pull-out section today.The media section has moved into the main paper behind the business section, with similar features but less space, while yesterdays’ Independent on Sunday reduced its media coverage to just one page.The only stand-alone media supplement in the… Continue reading The Independent Scraps Media Section In Favour Of New Sports Supplement

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

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