Advertising Industry
Industry: Email Alert RSS FeedThe Week; Grey sets vote on WPP deal.
Advertising Age, February, 2005
Grey Global Group shareholders will meet March 3 in New York to vote on WPP Group's acquisition of the agency holding company. Grey as of Jan. 31 had 444 shareholders. The deal received final approval from European antitrust regulators in January. WPP is set to buy Grey for a fixed amount of cash and a fixed number of WPP shares, a package worth $1.64 billion based on WPP's stock price last week.
FTC cites drop in fraudulent diet ads
Media outlets have heeded the Federal Trade Commission's efforts to kill fraudulent weight-loss ads. According to FTC Chairman Deborah Majoras, speaking at a Good Housekeeping Institute luncheon last week, the agency's intensive pressure on TV, print and radio outlets to "red flag'' such ads and refuse to run them has...
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