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Achenbaum to Conduct Review of $700 Mil.-Plus Account
LOS ANGELES–Pfizer Inc. has embarked on a consolidation of its media business, launching a re-view for what will be at least a $700 million-plus account, sources said. The review follows the approval this past June of Pfizer’s $90-billion merger with Warner-Lambert, and is being led by New York-based consultant Alvin Achenbaum, according to sources.
The much-anticipated move by what is now the world’s largest drug marketer continues a remarkable run of media-only planning and buying consolidation in the U.S.
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