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IPG filed a complaint on Friday with the American Arbitration Association against Frank Lowe, claiming that Lowe breached his fiduciary responsibilities to the company and seeking monetary damages; Lowe yesterday issued a statement claiming the allegations are “without foundation and are utterly refuted,” writes Adweek. Lowe is seeking a withdrawal of the complaint and an apology.
Lowe, founder and former global chairman of IPG’s Lowe, announced in December that he was founding a new agency. Paul Weinberger, chairman of the London office of Lowe, then resigned his post to become a partner at the new agency. Since then, two other former Lowe London executives - Sam Cartmell and Jason Lawes, a senior creative team - have said they would join the new agency, along with Paul Hammersley, the former CEO of DDB in London.
David Hackworthy, DDB London’s chief strategic officer, resigned his post Sunday night to join Lowe’s new agency, as well, AdAge writes.
IPG, which dismissed Lowe in 2003, believes its claim against Lowe is valid because, even though Lowe’s noncompete clauses expired last year, he still receives a pension that came with a ban on soliciting former clients and staffers. Tesco, an IPG account which is jumping with Weinberger to Lowe’s new agency, spends nearly $80 million a year in measured media.
Though off-air online and experiential advertising grew modestly as a part of the overall radio revenue pie, and election-related political ads increased in Q3, total radio ad revenues were down 9% to $4.97 billion for Q3 and down 10% for…
Publicis has acquired full-service agency W&K Communications, continuing its Asia expansion that began several years ago.
W&K will be pulled under the umbrella of Publicis’s Burnett agency network, and will be renamed Leo Burnett Beijing Advertising, writes Adweek.
Other recent Publicis…
Everyday with Rachael Ray magazine has created :30 spots for two advertisers who have made 3- to 4-page commitments in the magazine, to run on the CBS Outernet network.
The spots will be shown on CBS Outernet’s supermarket TVs, writes Mediaweek. In a…
It’s official: with a full 28 days of data, ABC can claim to be the top network in terms of adults 18-49, its fourth November win in the demo. CBS can also claim a victory, winning in households and total…
Editors at Gawker, Gizmodo and Jezebel blogs are facing the ax. Gawker editor Sheila McClear has been let go, as has an editorial assistant at Jezebel, while Gawker weekend editor Alex Carnevale’s monthly contract was not renewed, writes FishbowlNY.
Gizmodo lost…
Top American non-luxury auto brands received higher ratings and less negative comments from online consumers than competing Japanese brands, according to an analysis of consumer opinions collected from automotive review websites by Biz360, MarketingCharts reports.
The research, which aggregated a year’s…
