Posts by mwright

In a Q1 earnings announcement Publicis said: “We don’t expect this year to be a year of large or numerous acquisitions” with the possible exception of Samsung’s ad agency Cheil Worldwide, the second largest Asian agency outside of Japan. Levy confirms acquisition talks, believing the South Korean-based agency would be a great fit to complement its digital expertise and global footprint. But he says these discussions have had “ups and downs” and “we are in a plateau today.”

The strength of the U.S. dollar continued to suppress revenue growth at Omnicom Group in the first quarter: revenues worldwide were up just 0.9% to about $3.5 billion. The company said currency fluctuations in the first quarter cost it about $97 million in top line growth. Organic growth, which excludes the impact of currency fluctuations, acquisitions and asset sales, was better — up 3.8% globally and 4.5% in the North America market, which accounts for 61% of the company’s business

Iris, part of Cheil Worldwide, is acquiring Founded, a creative agency with offices in London and San Francisco. This deal will further extend Iris’ expertise in business-to-business (B2B) marketing, CRM, creative technology and strategic planning. Plus, Iris will now have a footprint on the west coast through Founded’s San Francisco office, opened in 2015. Terms of the deal were not disclosed

NEW YORK, April 20, 2016 /PRNewswire/ — Burson-Marsteller, a leading global strategic communications and public relations firm, announced today it has agreed to acquire a majority stake in Turkish communications firm Effect PR. Headquartered inIstanbul, Effect PR has been Burson-Marsteller’s exclusive affiliate partner in Turkey since 2012. Following the acquisition, it will become a full member of the network and be renamed Effect Burson-Marsteller

World’s third largest advertising group sees growth in first quarter after structural shake-up

Publishers are scrambling quickly to launch Millennial content hubs, but Hearst is opting for the turnkey approach. The company announced that it’s extending its partnership with telecommunications giant Verizon to acquire Complex and its massive Millennial video audience

LexisNexis, a leading global publisher and online solutions provider for legal, tax and academic content, is “very bullish” on India and is keen on expanding in the country through acquisitions

Netflix will hit 100m subscribers “some time next year”, according to chief executive Reed Hastings, after the digital home of Daredevil and Orange is the New Black reported its best ever quarter, aided by expansion into 130 new markets

Amazon is to offer video streaming of exclusive shows such as Transparent and The Man in the High Castle as a standalone service in the US for the first time as it tries to make up ground on Netflix

UKTV is being tipped to go on an acquisition spree if the BBC is forced to sell off its £500m-valued stake.

Magazines are not suffering anything like the circulation declines experienced by newspapers, according to one of Britain’s leading magazine chiefs. Nicholas Coleridge, president of Condé Nast International, told a Media Society event earlier this week that although magazine sales were “off their top” it was “only by a small amount”.

IDG properties drew a record-breaking 194.9 million unique visitors for February 2016, propelling it to be the #1 technology publishing company in the world, according to comScore

Publisher sees opportunity for the NYT to become an ‘indispensable leader in global news and opinion’ over the next three years

Disrupters are innovating at a scale that most other companies can only dream of

In the UK, digital spend grew 16.4 per cent last year to over £8.6 billion, with 78 per cent of this rise accounted for by mobile spend

Press Release: As part of the Sunday Times Profit Track 100: Private Companies with the fastest growing profits – Dennis Publishing is proud to announce that it has made The Sunday Times Top 10 Rising Companies list for the first time

The publishing firm Penguin Random House is considering a sale of its illustrated books division Dorling Kindersley, Sky News has reported

British broadcaster holds preliminary talks with Canadian distributor and producer

Amazon is in talks with British broadcasters to add their channel brands and programmes to its streaming service, as it gears up to use Jeremy Clarkson as the spearhead of an attack on the pay-TV market

Online news network figures raise questions about very high valuations put on new media groups