Group M clients to return to Channel 4 on Monday
Channel 4 and Group M have resolved their trading "impasse", paving the way for WPP clients and the group's £300m ad budget to return to the broadcaster on Monday.
Campaign can reveal that from Monday, brands such as Ford, EE, Barclays and the Government’s new year campaigns on obesity and smoking will be able to advertise on Channel 4 and UKTV channels if they and their agencies so wish.
Group M negotiates TV ad deals on behalf of WPP’s media agencies, including MediaCom and Mindshare, and the failure to come to a deal before the end of 2012 meant Channel 4 and UKTV started the year without their ad money.
Had the dispute dragged on, Channel 4 sales, which represents UKTV, would have missed out on around £30m of TV adspend a month, while Group M clients would not have been able to advertise on shows such as ‘The Undatables’ and ‘Utopia’.
Jonathan Allan, director of sales at Channel 4, and Mark Collins, managing director of broadcast trading at Group M, have made a joint statement on the resolution.
They said: "Negotiations are necessarily long and complex when two major media companies want to agree commercial terms in a complex and fast-moving environment, but we were both very focused on getting things right for all parties.
"We look forward to building on our strong relationship and working together closely to deliver business and marketing success for all our mutual clients."
Campaign revealed this morning that Allan and Collins had met on Monday in a bid to try to resolve their differences and than both parties were likely to be flexible in their scheduling in case a resolution was found.
The dispute had threatened to turn into one of the biggest trading disputes for some time as most recent disputes have been limited to single advertisers, such as Reckitt Benckiser, or smaller agencies, such as MPG Media Contacts.
This article was first published on campaignlive.co.uk
- Senior copywriter story uk limited Negotiable depending on experience, Edinburgh
- Senior Marketing Manager Cutis Developments £50,000 - £60,000 per annum , Victoria, London (Greater)
- International Accounts Director - exciting media owner Ultimate Asset £90000 - £110000 per annum + 40% bonus, West End
- Mid-weight Project Manager - Global Integrated Agency, up to £40K Story Recruitment up to 40K + great benefits and career progression, London (Central), London (Greater)
- Marketing Manager Ball & Hoolahan £60,000 + car or c/a, South East England
- Daily Mirror publishes its own tits on Page 3
- 'This girl can' tops Campaign Viral Chart
- John Brown Media appoints Rebekah Billingsley to head of digital and content strategy role
- 'You don't have to explain yourself if you are getting the job done,' says Tracy De Groose on work and motherhood
- Publicis Groupe extends deadline for Sapient deal again
- Lidstone exits Havas amid restructure