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UK adspend rose by 3 per cent in the first quarter of 2007 to £4.2 billion, the largest first-quarter increase since 2005, bolstered mainly by growth in digital.
Separately, a report has predicted that internet adspend alone will jump to £4.5 billion per year and will account for 30 per cent of the entire ad market by 2011. The PricewaterhouseCoopers research added that globally, the internet will remain the fastest-growing ad medium and will increase by 18.3...
Mastercard is to drop its legal fight to get sponsorship of the next two football World Cups as part of a $90 million settlement hammered out with the football governing body Fifa. The credit-card company, which has sponsored the tournament for 16 years, said it no longer wanted to work with Fifa, leaving...
Pearson, the Financial Times' owner, and the NBC owner, General Electric, have backed out of their joint bid for Dow Jones, the owner of The Wall Street Journal, leaving Rupert Murdoch's News Corp as the sole prospective purchaser. Pearson shareholders and the media analyst Lorna Tilbian called on the...
The merger between the AA and the over-50s specialist Saga will result in a pitch for the combined company's £40 million media account.
WPP Group has started the year with like-for-like revenues up 5.2 per cent over the first five months of 2007, but warned the UK is proving a tough market.
Chrysalis is to sell its radio division, including Heart, Galaxy and LBC, to a consortium backed by the former ITV chief executive Charles Allen.
Tesco, the UK's largest retailer, has reported a slowdown in sales growth and warned that repeated interest rate rises have damaged consumer confidence. Group sales at Tesco increased by 10 per cent in the 13 weeks to 26 May, but UK like-for-like sales growth slowed to 4.7 per cent, down 5.2 per cent...
Alison Wright has been made the chief marketing officer for the merged Egg and Citi UK consumer business. Dean Proctor, the Citi UK marketing chief, becomes business development director. Egg is expected to review its advertising account, held by Mother, once the business has been integrated into Citi.
BBC management, including the director-general, Mark Thompson, will waive around £350,000 worth of incentive payments due to be awarded this year. According to this year's annual report, to be published on 3 July, the entire top team have been awarded bonuses, but believe they should not take them in...
