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Earnings
WPP: Digital Will Be Two-Thirds Of Our Business In Three Years

Mar 5, 2010 9:31 AM

WPP has pledged that new media services will make up two-thirds its revenues in “three or four years” and that it expects 2010 to be a stable year, as it reported an 11 percent drop in profits to £663 million ($1 billion) after a “brutal” 2009 and a particularly low…

EPS* Rev. vs Q408 Net Inc. vs Q408
WPP Release N/A Revenue Indicator 16.1% N/A
* vs. Analysts' Estimates: Beat Analysts' Estimates Beat Met Analysts' Estimates Met Missed Analysts' Estimates Missed
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Posted In: Money, Earnings, Companies, WPP

WPP’s Sorrell: Google Blundered In China, Should Open Its Robe To Europe

Mar 2, 2010 5:48 AM

With a possible European Commission antitrust inquiry looming over Google (NSDQ: GOOG), the advertising boss who says “we’re Google’s biggest customer” has come out batting for marketers he says are gagging for regulatory measures. “The ‘G’ word” is “competitively dangerous”, WPP CEO Sir Martin Sorrell told the FT Digital Media…

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Posted In: Advertising, Companies, WPP, martin sorrell

Why Yahoo Should Buy WPP

Jan 14, 2010 10:30 AM

Alok Kejriwal is CEO and co-founder of the online gaming company games2win.com. He blogs at rodinhood.com. In October of last year alone, Yahoo (NSDQ: YHOO) attracted 605 million unique Internet users (50% of the global Internet population), got them to return another 18 times, stick around for 9.5 minutes during…

The case for a Yahoo-WPP deal »

Posted In: Companies, WPP, Yahoo

Industry Moves
GroupM North America Reorg Puts Digital Chief Rob Norman In The CEO Seat

Jan 4, 2010 3:58 PM

Rob Norman (pictured) will add the title of CEO of GroupM North America to his current role as head of GroupM Interactive, the WPP media unit’s digital arm. Norman replaces Marc Goldstein, who will leave his role as GroupM NA CEO effective March 31.  Goldstein has been in the post…

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Posted In: Advertising, Industry Moves, Companies, WPP

UK Advertising’s Nuclear Winter Thaws? GroupM Raises 2010 Forecast, But Online Stagnant

Dec 4, 2009 5:09 AM

Is that the sound of ice breaking? Marketers, advertisers and publishers will have to wait for the real recovery, but a new revised forecast from WPP’s GroupM shows things are at least going in the right direction. GroupM’s mid-year report predicted UK full-year, all-media ad spend would drop 14 percent…

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Posted In: Advertising, Media & Publishing, Magazines, Newspapers, Online News, Research & Metrics, Research, Companies, WPP

Earnings
Ad Groups Bet On Cost Cuts, Digital Investment, Emerging Markets In 2010

Nov 20, 2009 6:58 AM

With ad buyer Aegis Media’s earnings release on Thursday, the big European ad groups’ Q3 financials are now in. So what do they show? On this evidence, in 2010 they will be smaller businesses with fewer staff and a renewed emphasis on digital and emerging markets…

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Posted In: Advertising, Money, Earnings, Companies, Publicis, WPP

Earnings
Earnings: WPP Sales Fall In ‘Less Worse’ Q3

Oct 30, 2009 3:43 AM

WPP CEO Sir Martin Sorrell had predicted a two percent revenue fall for 2009, then revised it downward to four percent after a lackustre first half. In reality, both figures are wide of the mark: for the first nine months of the year, WPP made revenue of £6.29 million—an impressive…

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Posted In: Advertising, Money, Earnings, Companies, WPP

WPP’s Sir Martin To Olympic Committee: Embrace YouTube Or Lose Your Audience

Oct 5, 2009 11:11 PM

With the 2016 Olympic Games all squared away and set for Rio de Janeiro, members of the International Olympic Committee could get down to more serious business—such as how to handle the issue of online video. WPP Group CEO Sir Martin Sorrell had some very simple ideas for the IOC…

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Posted In: Advertising, Entertainment, Sports, Digital Olympics, Media & Publishing, TV, Social Media, Video, Companies, WPP, Countries, Europe

Court Dismisses WPP’s $13 Million Lawsuit Against Spot Runner; WPP Plans To Appeal

Sep 28, 2009 6:07 PM

WPP Group’s lawsuit against web-based TV creative ad agency Spot Runner for securities fraud and breach of contract has been dismissed, sources close to the legal dispute tell paidContent. WPP, which helped lead a $40 million funding in the Los Angeles company about three years ago, accused Spot Runner of…

the decision, embedded »

Posted In: Advertising, Legal, Companies, WPP

Earnings
Earnings: WPP Revenue Slides But Digital Target On Track

Aug 26, 2009 4:09 AM

In the first half of 2009, advertising group WPP made one quarter of its revenue from its digital activities, showing that advertisers are investing in new online ways to track, measure and expose their brands in the recession. In an unaudited interim report covering the six months to June 30,…

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Posted In: Advertising, Money, Earnings, Companies, WPP

Earnings
Earnings: WPP Revenue Falls Faster Than Expected; Recovery Still Due Next Year

Apr 28, 2009 2:53 AM

Yes, we’re still in that recession. London-listed advertising giant WPP on Tuesday reported worse than expected Q109 earnings, but CEO Sir Martin Sorrell is sticking to his prediction that H209 will be better than H1 and that some recovery will take place in the advertising economy next year. “Reportable” revenues…

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Posted In: Advertising, Money, Earnings, Companies, WPP, Countries, Asia, Europe, Denmark, Scandinavia, Spain, Italy

UK Media Millionaires Lost £3 Billion In Recession

Apr 27, 2009 4:17 AM

It can hardly ever be a bad time to be a millionaire, but the UK’s big league media owners have collectively seen their fortunes drop by £3 billion in the last 12 months according to The Sunday Times Rich List (online from Tuesday, except for this preview). Although the list…

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Posted In: Advertising, Media & Publishing, Magazines, Newspapers, Money, Companies, Dennis Publishing, DMGT, Publicis, Telegraph, WPP

Industry Moves
Industry Moves: GroupM Interaction; ITV Digital; UBM Appoints Two Execs

Apr 24, 2009 3:11 AM

—Group M Interaction: WPP’s GroupM network of advertising businesses has appointed Jakob Nielsen as MD of its Interaction digital arm (not the Jakob Nielsen, user interface guru). Previously sales director for Western Europe at Microsoft (NSDQ: MSFT), Nielsen will be responsible for the digital activities of the Mediacom, Mindshare, Mediaedge:cia…

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Posted In: Advertising, Industry Moves, Entertainment, Music, Media & Publishing, Magazines, TV, VOD, Companies, EMI, ITV, WPP

Analysts’ Consensus: 2009 Online Ad Spend Will Grow 3.94 Percent

Apr 16, 2009 11:11 AM

The forecasts are in - so, with a quarter of the year gone, how is the UK’s digital economy faring? And what do experts expect to happen in the rest of 2009? We ran off the mean average from four key ‘09 UK online ad forecasts. The result - a…

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Posted In: Advertising, Companies, Publicis, WPP

Earnings
Earnings: WPP Predicts Two Percent Drop In 2009 Revenue; 2008 Profits, Revenue Up

Mar 6, 2009 4:13 AM

Last year was good, this year will be far worse and next year we might start to see some recovery in advertising spend and the economy. That’s a quick summary of WWP CEO Sir Martin Sorrell’s view of the tumultuous media landscape, which he gave after his company announced improved…

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Posted In: Money, Earnings, Companies, WPP

WPP’s Sorrell: 2009 ‘Very Tough’, Zuckerberg Made Mistake On Beacon

Jan 22, 2009 4:19 AM

No surprise that Martin Sorrell sees the next few months as “very tough”, but the WPP ad group CEO also reckons the financial markets will improve in the second half of the year, leading to a “real-world” recovery in 2010 (via Bloomberg). By that time, though, the advertising world will…

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Posted In: Advertising, Companies, WPP, martin sorrell

WPP Phasing Out MediaCom Digital Unit Beyond Interaction

Jan 21, 2009 8:36 AM

WPP Group will discontinue media buying and planning shop MediaCom’s Beyond Interaction unit as it seeks to further streamline its traditional and digital advertising services, Mediapost reported. The move comes almost a year after MediaCom initiated a global realignment of its digital unit. At the time, Beyond Interactive, as the…

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Posted In: Advertising, Companies, WPP, beyond interaction

WPP To Cut ‘Thousands’ Of Staffers; North America And Europe Bear The Brunt

Jan 4, 2009 10:35 PM

Ad holding company WPP Group is beginning the new year with preparations to lay off of thousands at its global agencies, Guardian reported. The decision was made during budget meetings held during the last two months. The units that have staffing costs greater than 60 percent of revenue. But the…

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Posted In: Jobs & Layoffs, Companies, WPP, layoffs

Industry Moves
TNS CEO David Lowden Leaves In WPP Takeover

Nov 3, 2008 2:58 AM

WPP’s successful £1.1 billion takeover of market research group Taylor Nelson Sofres last week has seen its first leaver - TNS CEO David Lowden left the company over the weekend, according to WARC. He is replaced by Pedro Ros, a former MD of global clients and services at TNS, who…

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Posted In: Advertising, Industry Moves, Companies, WPP

Razorfish Buys Spanish Digital Ad Shop Wysiwyg; Lays Off 40 In New York

Oct 31, 2008 3:33 PM

Looking to expand its European presence, Microsoft’s Razorfish has bought Spanish digital ad shop Wysiwyg. Terms were not disclosed. But as Razorfish was adding elsewhere, it was subtracting in the U.S., as Bloomberg reported that the company laid off 40 staffers in New York this week. The job cuts represent…

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Posted In: Advertising, Jobs & Layoffs, Money, M&A & Venture Capital, Mergers & Acquisitions, Companies, Microsoft, WPP, Countries, Europe, Spain, layoffs

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