WPP Agencies Study Media Research Merger
NEW YORK–J. Walter Thompson and Ogilvy & Mather have formed a steering committee to investigate ways of pooling media research functions under their existing buying alliance, sources said.
The move is consistent with WPP Group chief Martin Sorrell’s vision of achieving consolidation efficiencies but, sources said, is quietly opposed by the individual agencies, which still see each other as rivals.
Since the alliance was created last year to leverage more than $2 billion in clout for the upfront, there has been speculation as to whether the two agencies’ broadcast departments...