10th Mar 2006 09:00
WPP Group PLC10 March 2006 FOR IMMEDIATE RELEASE 10 March 2006 WPP GROUP PLC ("WPP") MediaCom acquires MediaCom North in the UK WPP announces that its wholly-owned media investment management network,MediaCom, has acquired the outstanding 81% of the issued share capital ofMediaCom North Limited. Founded in 1996, Mediacom North has been part of the MediaCom network since1999. MediaCom North is based in Manchester and employs 45 people. Clients include Bradford & Bingley, MoneySupermarket, JD Sports, Injury Lawyers4U, Pontins, Umbro and United Utilities. MediaCom North's revenues for the yearended 30 April 2005 were £3,639,964 with net assets at that date of £1,319,363. This investment continues WPP's strategy of developing its networks infast-growing sectors. For futher information please contact: Feona McEwan, WPP 44-20 7408 2204www.wpp.com This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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