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One thing that is clear is that there is no dearth of possibilities for Brennan, the former Leo Burnett media department wunderkind, who along with Jack Klues formed Starcom, which later merged with MediaVest to form what many believe to be the alpha media shop. Or as guru Erwin Ephron calls it, "the closest thing to the media agency of the future."
Brennan was such a strong media exec, in fact, that parent Leo Burnett (now Publicis) did the only logical thing for an advertising holding company. They took him out of media and made him head of Leo Burnett USA. That made him one of the few media department guys to make it to the top of Madison Avenue's org chart and one of the Riff's personal heroes. But for reasons that were never made fully clear, but which likely had to do with company politics, Brennan was unceremoniously discharged from Burnett about a year-and-a-half ago and has maintained a relatively low profile, showing up at occasional industry panel discussions, dabbling in some consulting work, and presumably biding his time while his non-compete period ran out. So naturally, the speculation is that Brennan is going to run some kind of new, super media buying operation.
But given another recent trend, the reemergence of the full-service agency media department (note the success of Fallon's and Deutsch's media operations, and the fact that FCB just recreated the worldwide media director's post), maybe Brennan should return home to Burnett, but this time as media director.