4th Apr 2005 16:27
WPP Group PLC04 April 2005 FOR IMMEDIATE RELEASE 4 April 2005 WPP GROUP PLC ("WPP") WPP and Video International Group to develop a stronger partnership in Russia WPP and Video International Group ("VI"), Russia's leading communicationsservices group, have conditionally agreed to form a number of joint companies,which will operate in Russia and throughout the Confederation of IndependentStates. The partnership will cover certain of their existing businesses: VI's currentadvertising agency, Ravi, will operate in conjunction with JWT, Bates VIAG willbe relaunched as Red Cell and CIA Russia will be relaunched as Mediaedge:cia.VI and WPP will develop 141 Worldwide, an integrated marketing services agency,in the market. In addition, a company providing back office and supportservices in media investment management will also be formed. This initiative continues WPP's strategy of developing its networks infaster-growing markets and communications services sectors. For further 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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