• Havas Posts 'Better Than Anticipated' Q1 Results
    The agency group, part of Vivendi, posted a 0.8% organic net revenue decline for the period. The shortfall in North America was 1.6%.
  • PetSmart Moves $50 Million Media Assignment To Mediasmith
    The incumbent was Empower, which just picked up the U.S. media AOR for Newell Brands.
  • MDC Partners Schedules Shareholder Meeting To Vote On Stagwell Merger Proposal
    The meeting is set for June 22. Both the MDC board and a special committee that oversaw due diligence on the merger, which was proposed by Stagwell a year ago recommend voting in favor of the deal.
  • Will Other Ad Agencies Be Sued For Complicity In The Opioid Crisis?
    Last week Massachusetts sued Publicis Health for contributing to the opioid epidemic with deceptive marketing practices on behalf of Purdue Pharma.
  • MDC Partners CEO Penn Ponders Spinning Off Line Of SaaS Products
    MDC and Stagwell have been collaborating on products for PR, influencer marketing and advertising that could be spun off to create more value for shareholders, Penn said on an earnings call this week.
  • WPP's Ad, Content Production Heads To The Microsoft Cloud
    WPP's new 'Cloud Studio' sits on Microsoft's cloud platform Azure where eventually 25,000 staffers will collaborate on creative work.
  • S4 Capital Expands War Chest, Readies Brand Makeover
    The company is preparing a $500 million bond offering and is also putting the final touches a on major brand overhaul.
  • Dentsu Sets Up New Fund To Support Startups
    It's called Dentsu Ventures Fund II and will invest in startups at various stages. It will operate for a 10-year period and has more than $90 million to disperse.
  • Top Executives At MDC Partners Take 2020 Pay Hit
    CEO Mark Penn had total comp from MDC last year of $1,795, 681, down sharply from his 2019 paycheck of $4,913,405.
  • WPP And Sorrell Squabble Over Millions In Denied Bonus Awards
    In its latest annual report, out this week, the company said the awards would lapse without being paid as a result of Sorrell's "disclosure of confidential information" while he was still with the company. Legal action could ensue.
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