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Vincent Bollore has forced a third meeting of Aegis Group shareholders to vote on appointing his nominees to seats on the board.
Opponents see the move as a prelude to his taking over the U.K.-based holding company, writes MediaPost. The new meeting has been scheduled for April 4, but the company has emphasized the fact that the shareholders have rejected Bollore’s proposed nominees twice before.
Rejection of Bollore’s nominees Roger Hatchuel and Philippe Germond were based on the fact that Bollore is chairman of rival company Havas.
Bollore owns 29.09 percent of Aegis shares, a fraction below the 30 percent that would require him to make a formal offer for the company by U.K. law.
Industry insiders have believed that Aegis, parent of Carat, Isobar, Vizeum, Posterscipe and Synovate, will eventually go into play and might be split up. Ominicom, another agency holding company and the one with the best financial structure, has also been considered a potential suitor. Rumors have recently surfaced that David Verklin, head of Carat North America and the largest shareholder on Aegis’s management team, might be a candidate to succeed Joe Uva, who is leaving as head of Omnicom’s OMD unit.
Marketers have unleashed their holiday promotions earlier than ever this year, with many hitting the stores well before Thanksgiving. But Sirius XM isn’t launching most of its 24-hour holiday music channels until turkey day or later.
The newly merged company…
October advertising revenue plunged for The New York Times Co. and McClatchy, despite some growth in online ad revenue.
The New York Times saw ad revenue plummet 17.2%; online ad revenue increased 5.3%, writes MediaPost. Classifieds have fallen 27.3% year to…
The switch to digital television arrives in less than three months, and to remind consumers of the transition, the National Association of Broadcasters is running a campaign across PumpTop TV’s network of screens at gas stations.
The spot began airing…
Through the first half of the year, automakers have slimmed their ad spending by 10% to $6.1 billion, according to Nielsen Monitor Plus.
General Motors slipped 6% to $1.2 billion, while Ford Motor cut ad spend by 22% to $954…
Getting real-time, 24/7 online access to company news and reaching responsive and efficient PR representatives still rate high on journalists’ wish-lists, but reporters are increasingly sourcing stories from new forms of media as well, according to research from Bulldog Reporter and TEKgroup…
Some 20% of top brand marketers continue to send additional emails to consumers, even after they confirm requests from those consumers to “unsubscribe” from an email marketing list, according to a research study from Return Path, MarketingCharts writes.
Though the study,…
