Sorrell finds Murdoch in a panic

WPP Group chief Sir Martin Sorrell may have Internet-related investments of his own, but when it comes to Rupert Murdoch’s investments in cyberspace, he finds the News Corp. chief  “panicking,” according to a speech he gave to Europe’s Internet Advertising Bureau conference “Engage 2005.” According to a story in The Guardian (you have to register, but it’s free), Sorrell said, “[Murdoch] must have been panicking because he even said he might hire McKinsey to help him out with his strategy.”