Publicis Sees 15 Percent Margin in Second Half

Publicis Groupe confirmed it will make its 15 percent operating margin in the second half. Also last week, the Paris-based company’s supervisory board approved the creation of iSe, a sports-marketing and entertainment joint venture with Dentsu and Sports Mondial.

WPP Buys Stake in European Media Group

London-based WPP Group has acquired a 30 percent stake in Mediapro, a company that is involved in the negotiation of TV rights, production, transmission, content and distribution. Based in Spain, Mediapro posted revenue of $187 million in 2002. The company also has operations in the U.S., France, Portugal, the Netherlands and Hungary.