MAM
WPP’s Wunderman acquires majority stake in Crossmedia
MUMBAI: WPP‘s global digital and relationship marketing company Wunderman has acquired a majority stake in Mexico-based digital marketing agency CM Interactive S.A. -Crossmedia.
According to WPP, Wunderman has revenues of approximately $1 billion. Crossmedia‘s unaudited revenues for the year ended 31 December 2011 were over $5 million with gross assets of over $5 million, the agency conglomerate said in a statement.
Founded in 2004, Crossmedia is headquartered in Mexico City and provides consulting, digital marketing, creative and media buying services to their clients. It employs 86 people and key clients include Banamex, Bimbo, PayPal and Cerveceria Cuauhtemoc.
This acquisition continues WPP‘s strategy of investing in fast growing markets and sectors and its commitment to developing its strategic networks throughout Latin America. Mexico is WPP‘s second largest market in the region with revenues, including associates, of approximately US $200 million and approximately 3,000 people employed, the agency said.
MAM
Shah Raza returns full-time as NDTV national revenue head – government
Raza resumes leadership in government sales after a brief part-time stint
NEW DELHI: Shah Raza has resumed his full-time role as national revenue head – government at NDTV, after working part-time for a few months due to personal commitments.
Raza has been with NDTV since 2013, overseeing government sales across India. He brings extensive experience in media and broadcast, having previously served as vice president at TV18 Broadcast Limited, account director at IBN 18, and senior manager at Bennett Coleman & Co. Ltd. (Times Group).
A graduate of Aligarh Muslim University with an MBA, Raza has spent over a decade building a strong track record in government sales and driving NDTV’s revenue growth.
With his return to full-time responsibilities, Raza will continue to lead NDTV’s efforts in government sales, combining long-standing experience with an understanding of the evolving media landscape.
