MEDIA WATCH - New York Post depicts Sir Martin Sorrell as 'Napoleon' over Spot Runner case
NEW YORK - Sir Martin Sorrell, chief executive of WPP, has been depicted as 'Napoleon' by the New York Post in a report about WPP's legal case against digital ad agency Spot Runner.
New York Post: irreverent US tabloid
The irreverent US tabloid today carries a report, headlined "Sorrell comes up short", about WPP's law suit against Spot Runner for allegedly selling stock without telling other shareholders.
The report details how a Californian court has granted Spot Runner's motion to dismiss the suit but gave WPP permission to file an amended claim. WPP has announced its intention to do so.
The article describes Sir Martin Sorrell's "legal vendetta" against Spot Runner. WPP, which owns three percent of Spot Runner, sued the firm in April, claiming the two founders and other investors sold $54 million in stock without revealing the sales to other shareholders.
The New York Post points out that WPP is targeting that is "struggling". Spot Runner had revenues of $9 million last year after losing $45 million, the legal suit says. WPP has invested $10 million in the firm, which launched on a promise to make ad spots affordable for smaller advertisers.
This article was first published on marketingmagazine.co.uk
Latest jobs Jobs web feed
- Business Development Executive Bullfrog Digital LTD Up to £30k + Commission and benifits, Shoreditch
- Head of Strategy, Insight & External Relations London & Partners COMPETITIVE + PRP + BENEFITS, London Bridge
- Senior Account Manager Hot Cow Between £32,000 - £35,000 with discretionary bonuses., Near Chiswick Business Park, a fun and vibrant location to work with events, a lake and bars.
- Project Manager - Integrated / Digital - Superb London Agency Fill Recruitment Ltd £40k - £50k plus bonus and superb benefits!, Central London
- Retail Marketing Manager EMEA Callaway Golf Europe Ltd circa £50,000 pa plus benefits, based in Chessington, Surrey
- Client Account Manager Content is King c. £25k per annum dependent on experience, SW1