Boston, MA-based IT publishing and events group IDG, the parent of MR group IDC (International Data Corp), is exploring ‘strategic options’ – sale of the company included – with the help of an investment bank.
Apple has passed 10m subscribers for its music streaming service, taking six months to hit a milestone that took its arch-rival Spotify six years to hit, say people familiar with the matter
Dentsu Aegis Network continues its acquisition spree with the purchase of Navegg, a data strategy shop based in Brazil. Founded in 2009, Navegg specializes in the collection, analysis and multichannel activation of audience data, particularly for programmatic buys.
When Netflix chief executive Reed Hastings took to the stage in Las Vegas on Wednesday to announce the streaming service’s expansion into a further 130 countries, he told the audience they were “witnessing the birth of a global TV network”.
Omnicom’s BBDO has increased its access to the fashion and luxury brands sector after acquiring a majority steak in the Wednewsday Agency Group
Three-way fight for US TV station owner heats up as groups separately offer new terms
Media Gereral has made ‘several proposals’ to terminate Meredith merger and go with Nexstar buyout bid. Meredith counters with new deal terms.
The problem our industry faces with ad tech is a lot like the issue with gun control. Guns are great tools. They are very useful if you want to shoot a deer or protect your home. But with almost no regulations — and a whole lot of bad guys out there who would ignore them even if they existed — we wind up with a situation where guns are everywhere, from the hands of the ultra-responsible to the dangerously sloppy to the outright criminal.
This is just like the Wild West landscape of advertising technology — and while nobody dies, the consequences to the ad industry have been undeniably egregious.
Haymarket, the international media group, has today filed annual accounts showing an 8.7% per cent rise in operating profits to £5.03m (2014: £4.6m) on revenues of £184.3m (2014: £187.0m) in the financial year ending June 30, 2015, amid solid demand in its consumer media, business information and events operations
It’s a fair bet that 2016 will be the year of ever more ambitious collaborations between traditional media and digital disrupters. We have seen the Alibaba and Jeff Bezos acquisitions of the South China Post and the Washington Post respectively, the Axel Springer buy-out of Business Insider, and legacy media investments in BuzzFeed, Vox, and Vice News. These will surely be followed by a new wave of deals and collaborations. But with a difference
The loss follows a pre-tax profit of £11.1m the previous year, which saw a boost from property disposals worth £16.4million
Network has acquired Grip Limited, continuing its strategy to have a more holistic approach among its agencies and improve its digital capabilities. Financial terms of the deal were not disclosed
Talks about a possible investment in global public affairs consultancy APCO by the US group Teneo have ended, PRWeek has learned, with APCO’s executive chair Margery Kraus saying the firm has a “few preferred options” for its future
MCM has revealed plans to broaden its offerings within the UK and Ireland, as well as rolling out new events across mainland Europe
Connected vehicle events and information firm joins Penton’s ground transport group, complements the publisher’s 2016 “Internet of Things”
published a piece by our contributor Kevin Anderson titled ‘The collapse of the attention economy’. Its central tenet is that an overabundance of content to which we all have access has led to an unsustainable environment in which scale is all and practically impossible to achieve.
For a long time, we’ve been creating too much content, so much so that I think that we’ve already reached Peak Content, the point at which this glut of things to read, watch and listen to becomes completely unsustainable. There hasn’t been enough ad revenue to sustain it for years and, with 2015 ending with a rush of acquisitions, consolidations and funding rounds with eye-watering valuations, 2016 will mark the beginning of a shake out.
WPP’s comms network Grey Group has acquired a majority stake in Seoul, South Korea-based creative digital agency Vinyl I-Co. Terms of the deal were not disclosed.
Havas has acquired healthcare marketing firm Gemini Healthcare, which will become part of a new company that will be housed within the Havas Health division.
In a press release Next 15 said it was tremendously excited to announce that Next 15 has acquired ODD, a London-based digital agency that specialises in consumer-facing communications for fashion and lifestyle brands
