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Interpublic Group looks to be in the middle of a major reorganization of Interpublic Media, the holding company division that oversees major media shops Initiative, Universal McCann and Magna Global.
Interpublic Media CEO Mark Rosenthal, who took a medical leave this summer, is likely to step down from that post, but could end up with another role at the company, according to Adweek. Terri Santisi, Interpublic Media’s CFO since coming onboard 10 months ago, was given interim responsibilities for the media division when Rosenthal went on leave. However, Santisi will not take on a longer role as CEO but is rather leaving, effective Nov. 1, to join sports and entertainment marketing company IMG, where she will assume the role of evp, chief financial and administrative officer.
Rosenthal’s appointment in mid-2005 followed a series of client losses including the departure of GM’s $3.2 billion buying business. The account was given to competitor Starcom MediaVest Group.
Sources say that IPG CEO Michael Roth has not been happy with Rosenthal. During his tenure, Rosenthal hired Santisi. According to sources, it became clear while Santisi was acting as interim CEO, that she would not have a leadership role at the company moving forward. Rosenthal also lured Nick Brien away from Publicis Groupe’s Arc Worldwide to become CEO of Universal McCann.
Katz Media Group has added another new client, Lincoln Financial Media, and will sell ad time on the company’s 15 stations beginning immediately.
Katz also added CBS Radio and Entercom last week, picking them off from Interep’s list.
Katz has also…
Time magazine ousted Cosmo as the top magazine for college students in this year’s Anderson Analytics fall survey.
Time also jumped past People, which was last year’s No. 2, writes Ad Age. A Time spokesperson said the magazine did not run…
Out-of-home companies are bracing for the recession like everyone else, but they may not feel the sting as badly as other media.
Though the third quarter brought negative growth to the nation’s three largest OOH companies - Clear Channel Outdoor,…
CNN plans to offer newspapers a wire service as an alternative to the Associated Press. CNN, which already runs an internal wire service, will explain its new, expanded service to editors from about 30 papers who are visiting Atlanta this…
Regulatory filings reveal that billionaire hedge-fund manager Carl Icahn bought nearly 7 million additional shares — about $67 million worth — of Yahoo.
The investor paid an average of $9.92 for each share over the course of three days, bringing…
Email, news gathering and paying bills continue to be the most widely used online activities among U.S. adults, but downloading TV programs, watching videos and making web phone calls posted the biggest overall growth, according to data from Mediamark Research…
