TCS Media announces change of ownership

Independent planning and buying agency TCS Media, whose clients include Laura Ashley, Sudocrem and thecentre:mk, has announced a management buyout.

The new ownership team will consist of David Price, managing director, Ciaran Deering, director of digital and Sean Guthrie, finance director – who have all been part of the agency’s succession programme.

Previous co-owner, Peter Smith, will remain on the board as executive director.

“We operate a transparent, people centric agency which puts the success of a Client’s business at the core of everything we do,” new MD Price said.

“In a market increasingly relying on automation and opaque business practices to combat continually squeezed margins, we think this is a refreshing change.

“We are very lucky and privileged to have been part of the agency’s long term commitment to succession management and now look forward to future proofing the agency’s offering for a new generation of leaders.”