In a rare positive note for the U.S. advertising and media employment marketplace, Aegis Group this morning said it completed its "cost reduction" in the U.S. marketplace, indicating there would be no further cuts at the U.S. operations of Carat, Isobar, Posterscope and its other operating units here. The disclosure, part of a 2008 earnings release issued by Aegis, however, announced a "phase 2" to its cost reduction program that would cut a projected 780 jobs across 42 markets outside the U.S., the majority of which would come from Aegis Media operations around the world. ...Read the whole story
Since "Friends" left, NBC hasn't hit first place in prime time--and it isn't aiming to return to the top spot, either, NBC Universal CEO Jeff Zucker said Wednesday. "What does No. 1 in prime time mean anymore?" he asked, adding that the traditional measuring stick has lost relevance. ...Read the whole story
Interpublic's Universal McCann unit Monday initiated a staff reduction of nearly 8% of its U.S. workforce, MediaDailyNews has learned. ...Read the whole story
Defying naysayers and the credit crunch, the San Diego Union-Tribune has finally been sold by its owner, the Copley Press, with its purchase by private-equity firm Platinum Equity. The terms of the deal were not disclosed. ...Read the whole story
Chris Rohrs is leaving the Television Bureau of Advertising, after serving as its president for nine years. He will depart at the end of the year. He came to TVB after a 20-year career with Post-Newsweek Stations. No word on his replacement. ...Read the whole story
Lexus is the sole sponsor and advertiser of a new effort with Time Inc., and American Express Publishing that constitutes what the companies say is the first consumer customized magazine. The magazine is called Mine. ...Read the whole story
Double-digit quarterly drops in revenue are now par for the course in the radio business. Feeling the effects of the recession, Citadel, Cumulus and Westwood One all reported substantial drops in revenues during the fourth quarter of 2008. Ominously, this round of revenue reports included warnings that loan defaults might be coming down the pike. ...Read the whole story
After soaring the first two weeks worth of shows--culminating with a big Nielsen 6.8 rating/16 share among 18-49 viewers on Monday night--"Stars" lost more than half its audience for its results show on Tuesday night to "American Idol." ...Read the whole story
Was Jon Stewart fair and balanced in the "The Daily Show" vs. the CNBC showdown that culminated last week? Anything but, said NBC Universal CEO Jeff Zucker. ...Read the whole story
When Adam Feldman, a theater critic and arts writer for Time Out New York, wrote a moving and considered tribute to Natasha Richardson under an ... ...More
Just when DirecTV has been trying to build interest in its NCAA tournament package, along came the President. And the satellite operator hardly needs a ... ...More
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