After takeover by WPP, Y&R returns its focus to business

Article Abstract:

Young & Rubicam Chairman and Chief Executive Officer Michael J. Dolan is content with last year's takeover by U.K. holding company WPP Group, but still sees the company as a private entity with an individual business culture. The company plans to keep its partnership with Dentsu of Japan, despite being passed up on a merger with competitors Leo Burnett and DMB&B. Young & Rubicam is well-positioned in the media-buying business under WPP Group.

United Kingdom, Japan, Asset sales & divestitures, Acquisitions & mergers, Agency Formation/Mergers, Mergers, acquisitions and divestments, Interview, Young & Rubicam Inc., WPP Group PLC, Young and Rubicam Inc., Dentsu Tec Inc., Dolan, Michael J., Dentsu Company Ltd.

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Ad agencies feel they're getting cold shoulder from Thailand

Article Abstract:

U.S. advertising agencies are losing contracts in Thailand, due to an increasing distrust of foreigners and a belief that Western currency speculators caused the 1997 financial crisis. A government memo is encouraging businesses to choose Thai over foreign agencies. A related graph shows Thailand's ten largest advertising agencies by revenue.

Contracts & orders received, Thailand, Legal/Government Regulation, Contracts

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Advertising continues to slump in Asia; agencies may cut jobs

Article Abstract:

Advertising spending in Asia slowed in the first half of 2001 due to the economic downturn in the U.S., and multinational ad agencies may be facing layoffs by the end of the year. Although ad spending in China rose about 13%, the increase was much slower than last year's 44% jump.

China, Market information - general, Asia, Column, Statistics, Advertising expenditures

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