Procter & Gamble has launched a review of its North American media business, Adweek reports.
P&G is the largest advertiser in the U.S., spending an estimated $2.6 billion annually, according to Kantar Media. The account is currently split between Starcom’s MediaVest, which handles most of the business in the U.S. and Dentsu Aegis’s Carat, which handles media buying in Canada. It is unclear if either agency will participate in the review.
The move follows the decision last summer to divest or shed 90-100 of its brands and the appointment of Kristine Decker as brand director, North America brand operations in January. Late last month, P&G also announced its desire to “make deep cuts in the number of advertising agencies it works with, hoping to save up to half-a-billion dollars in fees.”