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In what likely comes as no surprise to Aegis, French billionaire Vincent Bollore has said that he wants to claim seats on the Aegis board, writes The Guardian. According to a source familiar with Bollore, he will raise his shareholding to 29.9 percent and then “he’s going to make their life a misery, he’s going to be a thorn in their side until he gets what he wants which is full control.”
Bollore now holds a greater stake in Aegis than he does in Havas - the French advertising group in which, thanks to a stake building strategy similar to that which he is using with Aegis, he landed four seats on the board and eventually installed himself as chairman.
Aegis has reportedly said that it will attempt to block Bollore if he tries to land seats on the board, but Bollore has enough shares that he can call for a general meeting and attempt to force his way on.
All sectors of the media business will suffer from the weakened economy in 2008 and 2009, with a slump in local advertising particularly hurting newspapers and local TV, according to a new projection from Goldman Sachs.
Broadcast nets will experience…
The New York Times is shuttering its International Herald Tribune site; NYTimes.com will soon host the international news normally reserved for its sister website.
The move is not about cost savings, but rather about growth, NYTimes.com general manager Vivian Schiller…
Unilever’s Vaseline set forth on an unusual research project in a small town in Alaska. Setting up a storefront, the company began giving away free bottles of lotion and asking recipients to name the person who had recommended they come…
Meet the Press, the show hosted by Tim Russert for 17 years before his death last June, is beginning to slip in ratings.
Last month, CBS’s Face the Nation pulled ahead of Meet the Press for the first time in two…
Bloggers collectively create nearly one million blog posts each day, and half of bloggers believe blogs will be a primary source of news and entertainment in the next five years, according to Technorati’s 2008 State of the Blogosphere Report, MarketingCharts writes.…
Wal-Mart and Costco reported same-store gains in September, with sales rising 2.4% and 9% respectively. Sales at Target stores open at least a year fell 3%, writes Retailer Daily.
Below, fiscal results from the discount retail giants:
Sales of food and…
