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Weekly Update

20th Nov 2008

Advertisers
Detroit struggles to avoid bankruptcy. To raise cash GM sells remaining stake in Suzuki; Ford reduces holding in Mazda

Citigroup cuts 52,000 jobs; will have shed 20% of staff by the end of 2008 

Johnson & Johnson quits Olympics sponsorship for 2010 and 2012 

Anheuser-Busch InBev merger completes with one condition; group must divest US license for Labatt 

William Grant gets Stolichnaya in the US; Diageo negotiates minority stake in Indian giant United Spirits; Lion Nathan of Australia bids for local Coke bottler  

Agencies
Mainardo de Nardis appointed as new head of OMD Worldwide

Havas disappoints
 with 3Q growth; consolidates media operations in US and UK 

Pepsi transfers to TBWA\Chiat\Day after 48 years at BBDO 

Account Assignments: Cadbury appoints Horizon Media in US; CBS quits Initiative for OMD; Lowe NY gets Outback Steakhouse; HP reviews global media

Media
Jerry Yang resigns as Yahoo CEO, but Microsoft is firm that an acquisition is off the cards

Are YouTube and Facebook really the best places for commercial advertising?

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TOP ADVERTISING TERRITORIES
by ad expenditure
in 2007

USA ($179.3bn)
Japan ($41.5bn)
UK ($23.3bn)
Germany ($21.7bn)
China ($15.0bn)
France ($12.9bn)
Italy ($11.2bn)
Spain ($9.8bn)
Brazil ($9.7bn)
S Korea ($9.7bn)

(ZenithOptimedia)

by forecast ad expenditure in 2010
USA ($194.1bn)
Japan ($43.4bn)
UK ($27.9bn)
Germany ($22.7bn)
China ($24.3bn)
Russia ($17.2bn)
Brazil ($14.2bn)
France ($13.5bn)
Italy ($12.3bn)
S Korea ($11.8bn)

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 Ads of the Week

John Lewis "Clues"
by Lowe London

Citroen "Car Journey" 
by H Paris

Quebec Milk Producers "Shining Through" 
by BBDO Montreal

Lips "Take On Me" 
by TAG 

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Adbrands Company Profiles assess more than 1,000 leading advertisers, brands and agencies, and examine each company's business record, geographic strength and comparative performance within its chosen sector, including strengths and weaknesses, history, up-to-date news and top-line financial information. What else does the company do? How did it originate? What other brands does it own? How is it performing in the market? With what other businesses is it affiliated? 

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