Omnicom Media Group hands £140m outdoor task to Talon
The outdoor buying sector is set for its first major shake-up since the creation of Kinetic in 2005 after Omnicom Media Group awarded its £140 million outdoor business to Talon Outdoor, led by the former Kinetic chief executive Eric Newnham.
The move is a blow for Aegis’ Posterscope, which has worked on the business for OMG shops, including PHD, OMD UK, Manning Gottlieb OMD and M2M, for around 20 years.
Posterscope executives are believed to have been told the move was motivated by the impending £3.2 billion take-over of Aegis by Dentsu.
It is thought that Glen Wilson, Posterscope’s UK managing director, was informed the agency was losing the OMG business last week and that he and Annie Rickard, the global chief executive, told staff on Monday.
Colin Gottlieb, the chief executive of OMG EMEA, said the opportunity to drive exciting change with Talon "proved irresistible".
A 30-strong team at Posterscope currently services the OMG business and it is understood that they will be covered by Tupe legislation.
One industry source said Posterscope executives were "shocked at the brutality" and speed of the decision.
The account will move on 1 April and leave Posterscope with around 30 per cent of the £970 million outdoor market. Talon will expand to account for around 15 per cent alongside Rapport. Kinetic will continue to have 40 per cent.
This article was first published on campaignlive.co.uk
- Deputy Creative Director - Integrated/shopper agency The Industry Club London Ltd £75,000, London (Greater)
- Account Manager - leading creative agency (Hertford) Media IQ Recruitment Up to £33k basic, Hertfordshire / Hertford, Hertfordshire / Hertford, Hertfordshire
- Account Manager Major Players £160.00 - £220.00 per day, London (Central), London (Greater)
- Affiliate Account Manager Premier Media £26000 - £32000 per annum, London (Central), London (Greater)
- Senior Designer - Creative Agency (Hertford) Media IQ Recruitment Up to £42k basic, Hertfordshire / Hertford, Hertfordshire / Hertford, Hertfordshire
- Virgin Holidays launches digital Caribbean push
- Yahoo appoints Marc Bignell as head of trading for the EMEA region
- Captain Morgan Facebook ad banned for suggesting alcohol conquers boredom
- McCann picked to resurrect Homepride's Fred
- Radio Times: 50 years of Doctor Who covers
- McDonald's marks 40 years with charity ad