The Initiative spin-off unit comes as Interpublic has been reorganizing its burgeoning media enterprises under a new corporate-level operation dubbed Interpublic Media, which last year recruited former MTV Networks honcho Mark Rosenthal as CEO. Rosenthal is expected to unveil a new structure of Interpublic Media, which includes Magna Global, Universal McCann, FCB Media, Initiative, as well as the new spin-off.
advertisement
advertisement
The moves come as other big agency media networks also are restructuring, repositioning and spinning off new, high-level and strategically-oriented media operations. On Wednesday, Interpublic rival Publicis unveiled Denuo, a new operation focused on developing future media and advertising opportunities through a high-level strategic analysis, new ventures and even invention.
The fact that the new Initiative unit has been recruiting executives with experience in channel planning suggests that the unit will look beyond conventional ad-supported media to include other forms of marketing services that can deliver a brand message to consumers.