Predictions that WPP may be broken up are given an airing in "The Times" today alongside a report that points out in the first day after Sir Martin Sorrell was not at the helm, a billion pounds was wiped off the company's value. The paper reports on the disquiet in the City that the accusations against Sir Martin are unlikely to be publicly aired.

Iain Jacob, head of Publicis Media for EMEA, has stepped down. "Campaign" reveals that the company has said Jacob is looking to pursue interests outside the company.

The pub chain Wetherspoons has shuttered all social media activity, Netimperative reports. The company's founder, Tim Martin, said the decision was taken after a series of attacks on MPs and that he didn't feel quitting social media would have any impact on the business.

If you need any more evidence to back up the suggestion that WPP might be split up, "The Guardian" has been talking to the analysts and has crunched the numbers. The final results is the company could be worth GBP22bn, or GBP17 a share instead of today's GBP11.

A third of millennials will still be renting when they retire, a new report by the Resolution Foundation has found. At the moment, four in ten millennials are renting when they are 30 -- twice the proportion of Generation X, "Sky News" reveals.

AAR's New Business Pulse report for Q1 shows that new business is down nearly 40% from the same period the year before, "Campaign" reveals.

Bultin's has begun the search for a new agency that will help relaunch the brand as part of a five-year marketing drive, "Campaign" reports.

Sir Martin Sorrell's departure from WPP could net him as much as GBP20m over the next handful of years, depending on the performance of the company, "The Guardian" reveals. The paper also features speculation from analysts that Sorrell leaving could be a catalyst for breaking up the company.

Channel 4 is getting its search for a new town or city to host its headquarters, "The Guardian" reports. A brochure featuring what the tv channel is looking for in its new base has been sent to local authorities who can then provide feedback on why they would make the ideal host.

"The Guardian" isn't the only publisher to find the majority of money in programmatic advertising goes to tech companies, eMarketer reports. New figures from Warc suggest that typically 55% of ad revenue in programmatic goes to tech vendors.