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Advertising and communications network Interpublic Group has announced the acquisition of US ad agency True North Communications in a stock-for-stock pooling of interests transaction which values True North at $2.1 billion. Interpublic emerges as the successful suitor to True North following speculation that French media group Havas was back in the bidding for the agency… Continue reading Interpublic Acquires True North For $2.1bn

WPP has agreed to acquire 80% of AD Venture Worldwide, a top ten ranking advertising agency in Korea. The agency’s revenues were Korean Won 13,672 million for the year to 31 December 1999. Employing over 70 people, AD Venture provides full service advertising campaigns for some of the best-known brands and largest advertisers in Korea,… Continue reading WPP Acquires Korea’s AD Venture

Telewest has announced the signing of a £2.25bn debt restructuring package, which should see the separate debts of Telewest and Flextech, which merged last year, merged as part of the deal. The loans mature in 2007, by which time the group is expected to be profitable. Charles Burdick, Telewest’s group finance director commented: “We are… Continue reading Telewest Signs £2.25bn Refinancing Deal

Natmags has announced that Prima Baby, the parenting magazine launched as a brand extension of Prima in 1996, will move from a bi-monthly to a monthly as from the April issue which went on sale on 5 March.The title was one of five acquired by the National Magazine company in July last year when it… Continue reading Prima Baby To Go From Bi-Monthly To Monthly Editions

Future Network was “pushed off course” in 2000 in what was this morning described by chief executive Greg Ingham as a “bruising year” for the company.In October last year, accounting anomalies at Future’s French subsidiary emerged. This, along with a ‘soft’ computer games market (a key sector for Future’s magazines), caused the company to issue… Continue reading Future Network “Pushed Off Course In Bruising Year”

Telewest has announced the signing of a £2.25bn debt restructuring package, which should see the separate debts of Telewest and Flextech, which merged last year (see Telewest And Flextech Agree Terms Of £2.26bn Merger), merged as part of the deal. The loans mature in 2007, by which time the group is expected to be profitable.Charles… Continue reading Telewest Signs £2.25bn Refinancing Deal

Taylor Nelson Sofres has delivered its full year results for the year ending 31 December 2000. The company saw strong growth during the year, with pre-tax profits rising 16.5% from the 1999 total of £32.5m to £37.8m. Turnover also increased, by over 25% to £479m.Chairman Tony Cowling commented, “We are not currently seeing any evidence… Continue reading Taylor Nelson Sofres Releases Positive Year End Results

The Incorporated Society of British Advertisers (ISBA) has made a statement backing advertising on the internet, but calling for internet sites to join together in order to ensure accountability.In response to the statement, online planning and buying agency Quantum has re-released the charter it produced in October last year which calls for accountability from media… Continue reading Quantum Joins ISBA In Calls For Internet Advertising Accountability

The Independent Television Commission (ITC) has announced the financial terms for the renewal of licences for the ITV Border, Central, Channel, Grampian, Granada, LWT and Scottish regions, if they choose to renew their analogue licences for the ten year period beginning 1 April this year.Below are the cash bids and percentages of qualifying revenue required… Continue reading ITC Announces Financial Renewal Terms For Remaining Seven ITV Licences

Richard Eyre is thought to have left RTL, where he was director of strategy and content, due to frustration about his position caused by the Pearson/CLT-Ufa merger last year (see Pearson In Merger Deal To Create European TV Giant).Eyre left his job as chief executive of the ITV Network in November 1999 (see Eyre Departs… Continue reading Former ITV Chief Executive Richard Eyre Quits RTL