“I think with the departure of Sir Martin, we’re seeing the beginning of the end for a generation of media and advertising leaders and the baton being handed over to the new generation,” says David Jones, the former global chief executive of French ad group Havas, who now runs his own technology branding firm. “There’s a huge digital divide between the heads of the big legacy companies, who for the most part are well over 70 years old and grew up in a pre-internet, pre-mobile world, and the founders and heads of the tech companies, who for the most part are under 30 years old and helped invent the technology revolution we’re living through.” … [Read more...] about What happens to the global publicity titans if advertising no longer pays?
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Notably, the change does not seem to affect paid promotions: those still appear on the news feed as normal, as do posts from people who have been followed or friended on the site. But the change does affect so called “native” content, such as Facebook videos, if those are posted by a page and not shared through paid promotion. … [Read more...] about Facebook moving non-promoted posts out of news feed in trial
El Salvador: Thousands of people queued up in San Salvador on Monday, in spite of a lockdown order, to seek subsidies promised by the government. Police used pepper spray to disperse the crowds, Previously, the government pledged to give $300 per household to people working informal jobs, such as house cleaners and street vendors, amid the coronavirus crisis. Latest figures: 30 infections, 0 deaths, 0 recovered. … [Read more...] about Coronavirus latest: Pandemic to last for ‘weeks and months’ in Germany
Sorrell has been able to get straight back to business because of the unusual nature of the contract he had at WPP. Instead of the standard notice period of 12 months, he or the company was able to terminate the contract “at will” with no non-compete clause. … [Read more...] about Sir Martin Sorrell battles WPP in bid to buy first firm
Lader said that Quarta would bring extensive experience in corporate governance and global commerce to the company, while Sorrell said he would help develop WPP’s strategy in new markets, new media and “last but not least, horizontality”. … [Read more...] about WPP appoints Roberto Quarta to succeed chairman Philip Lader