Deal is estimated at between £200m and £220m.
Former media agency chief is to chair publishers' trade body.
The out-of-home industry's role in funding public infrastructure is not appreciated enough, according to the outdoor company.
Andras Vigh is stepping down as Publicis Media considers a wider shake-up at the media agency network.
Edwards' move is WPP new chief executive Mark Read's first significant appointment.
Former PHD UK chief is quitting The Lighthouse Company.
A tectonic shift is under way as brands bring more of their digital marketing capabilities in-house and on-site.
Sir Martin Sorrell has unveiled S4 Capital's stock market prospectus and claimed the content production business will win clients by cutting out ad agencies.
The Guardian's boss has slashed losses and is eyeing break-even, but bigger challenges lie ahead.
Reach, the publisher of the Daily Mirror and Daily Express, is to join News UK, Telegraph Media Group and Guardian Media Group as a founding investor in The Ozone Project.
WPP's new chief executive has warned of a "fundamental" shift in the role of creative agencies because of clients' changing needs and laid out a number of examples of how the group is adapting.
Dentsu Aegis Network has won Heineken's UK media account from Publicis Media's Starcom after a closed review.
Hearst UK plans to shut celebrity weekly magazine Reveal after its print circulation crashed by more than three-quarters from its peak.
Sir Martin Sorrell has congratulated his successor, Mark Read, but reopened hostilities with his old company by claiming the five-month search for a new chief executive has been "a complete waste of time".
WPP's new chief executive Mark Read has promised "radical evolution" and chairman Roberto Quarta has insisted there were "plenty" of candidates who wanted the chief executive's job.
VF Corporation, the owner of outdoor clothing and footwear brands such as Timberland, North Face, EastPak, JanSport and Vans, has awarded its media buying account to PHD across EMEA.
WPP has been in limbo for five months without a chief executive after Sir Martin Sorrell abruptly resigned and the group searched for a successor.
Outdoor Plus is understood to be exploring its options amid speculation that it has talked to radio group Global about a possible sale.
Some of the advertising industry's top analysts say Mark Read looks the best choice to be WPP's chief executive and the board would need to find a "spectacular" alternative.
Havas Group Media will manage all of Telefónica's estimated £70m UK media spend, after the phone giant brought together the O2 and Giffgaff accounts.