1st Sep 2005 10:11
WPP Group PLC01 September 2005 For Immediate Release 1 September 2005 WPP GROUP PLC ("WPP") Acquires outstanding 70% of TCG in Australia WPP announces that it has acquired the remaining 70% of the issued share capitalof The Communications Group Holdings Pty Ltd ("TCG"), the third largestadvertising and marketing services company in Australia. TCG's businesses include George Patterson Partners, Zenith Media, Ideaworks,Professional Public Relations, Media Puzzle, Generator Bates NZ, HMA Blaze,Underline Fitch, 20/20 Brand Action and Patts Digital. TCG's clients includemajor Australian brands and companies in the financial, fmcg and servicessectors. TCG reported revenues of A$131 million for the year ended 30 June 2005 and hadconsolidated net assets of A$16.6 million at that date. The various TCG businesses will be integrated into Young & Rubicam Brands inAustralia, with Zenith Media joining WPP's GroupM network. Young & Rubicam Brands businesses include Y&R, The Campaign Palace/Red Cell,Burson-Marsteller, Landor and Sudler & Hennessey. Young & Rubicam Brands clientsinclude leading Australian corporations, Government organisations and blue chipmulti-national companies. This investment reinforces WPP's comprehensive communications services offer andcontinues the Group's strategy of developing its networks in important andfaster growing sectors and markets. For further information please contact: Feona McEwan 44-20 7408 2204WPP London Hamish McLennanYoung & Rubicam, Sydney 612- 9931 6035 61 410 501 005 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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