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Speculation is growing that Coca-Cola is to drop its “Enjoy” advertising slogan, which was unveiled to much acclaim last year following a worldwide slump in sales.
Merger discussions between News Corporation and General Motors about News Corp’s reverse takeover of US direct-to-home satellite service DirecTV are said to be stalling because GM is unhappy with the amount being offered as part of the deal.
FortuneCity, the UK-based global community website, has axed 20 jobs at its UK office in a cost-cutting move.
Worldwide revenues for the Interpublic Group of Companies increased 6% during the fourth quarter of 2000 to 1.6bn ( 1.2bn) from 1.5bn ( 1.1bn) in 1999.
Computer games retailer Electronics Boutique has bought BarrysWorld.com, the UK gaming site that went into voluntary liquidation last month, for 400,000.
Debt-ridden German media group EM.TV is today expected to increase its stake in the Formula 1 rights-holding company SLEC to a majority holding, despite growing opposition from the sport’s major players.
Dentsu, one of the world’s largest advertising agencies, is go public and float 15%-20% of its stock in a move which will raise between 1bn and 2bn ( 0.69bn and 1.39bn).
Online entertainment group e-District.net has started legal action against its former chief executive Steven Laitman, who was sacked on Monday.
Former ITV company United Business Media is preparing to spend up to 2bn on a number of business-to-business acquisitions, which could see it increase its market research empire globally.
LONDON - Swedish internet consultancy Icon Medialab is axing 325 jobs and selling off assets, after revealing that its full-year losses had widened to SEK2.43bn (£170m) in 2000.
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