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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

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

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

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

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

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

Advertising and communications network Interpublic Group has today announced the acquisition of US ad agency True North Communications for $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. The UK’s WPP Group was also rumoured to be interested in… Continue reading Interpublic Acquires True North For $2.1bn

A week of gloom as the foot and mouth crisis deepened, affecting advertising spend, the Japanese and US economy teetered on the brink of recession and evidence that the dotcom bubble has well and truly burst came as media companies made further cuts to internet investment, meant that all but one of the media companies… Continue reading Sharewatch

Monday MediaTel’s weekly media focus and analysis, Media Track, is featured in Media Business.Future Network and Taylor Nelson Sofres release final results for the year 2000.Tuesday The consumer retail prices index for February is released by the Office for National Statistics.Wednesday Johnson Press, Independent News & Media and RTL all release final results for the… Continue reading The Week Ahead

Richard Eyre is thought to have left European broadcaster RTL, where he was director of strategy and content, due to frustration about his position caused by the Pearson/CLT-Ufa merger which created the company last year. Eyre left his job as chief executive of the ITV Network in November 1999 to head Pearson’s TV department and… Continue reading Eyre Understood To Have Quit RTL Post