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Advertising ends the week down

31 Aug 2001 | by Claire Billings,

LONDON - Advertising stocks have ended the week down, with WPP Group falling 4% on the week as uncertainty continued to surround its hostile bid for Tempus.

QXL reports fall in sales

31 Aug 2001 | by Jennifer Whitehead,

LONDON - QXL Ricardo, the European online auction house, has reported a fall in earnings in its first-quarter results.

Troubled Razorfish closes London office

31 Aug 2001 | by Jennifer Whitehead,

LONDON - Beleaguered internet consultancy Razorfish has closed its London office, a move that could lead to more than 50 job losses.

Letsbuyit closes offices in UK and France

31 Aug 2001 | by Staff,

LONDON - Online retailer Letsbuyit.com is to close its UK and French units with the loss of 60 jobs. It will now run its European operations from Germany and Switzerland as it struggles to to stay afloat.

Worst to come as Zenith slashes forecasts

31 Aug 2001 | by Staff,

LONDON - Zenith Media has slashed its forecasts for the rest of the year, casting a shadow of gloom over the prospect of a recovery in the advertising industry within the next year.

P&G owns up to spying on rival Unilever

31 Aug 2001 | by Staff,

LONDON - Procter & Gamble, the world's largest packaged goods firm, has admitted to spying on its European rival Unilever.

Liverpool FC looks to TV to reach fans

31 Aug 2001 | by Jennifer Whitehead,

LONDON - Premier League football club Liverpool FC is looking at launching its own television channel to reach out to its millions of fans across the globe.

McCann-Erickson behind ad hoax campaign

31 Aug 2001 | by Jennifer Whitehead,

LONDON - A media campaign to save the UK's takeaways has been revealed to be a stunt in aid of a pasta snack range.

Revolution Asia reacts to market downturn

31 Aug 2001 | by Staff,

HONG KONG - Revolution Asia , the monthly magazine for new-media marketers and the digital community, has had to reduce issue sizes and cut staff because of the advertising downturn.

Proximity London launches on Monday

30 Aug 2001 | by Claire Billings,

LONDON - Proximity London, part of the BBDO-owned Proximity Worldwide network of below-the-line service agencies, will open for business on Monday following a major organisational shake-up.

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