9th Nov 2006 11:30
WPP Group PLC09 November 2006 FOR IMMEDIATE RELEASE 9 November 2006 WPP GROUP PLC ("WPP") WPP acquires stake in internet advertising agency, Spot Runner, in US WPP announces that it has agreed to acquire 3.2% of the issued share capital ofSpot Runner, Inc. ("Spot Runner"), the first internet-based advertising agency. Spot Runner's revolutionary approach to commercial production, media planningand media buying services makes it easy and affordable for local businesses toadvertise on TV. Founded in 2004 and based in Los Angeles, California, SpotRunner employs 100 people. Spot Runner's gross assets at the date of investmentwere US$10 million. Clients include Sotheby's, Caldwell Banker, Century 21 andERA. This investment continues WPP's strategy of developing its networks in fastgrowing markets and sectors and strengthening its capabilities in digital media.It follows investments by WPP, announced earlier this year, in VisibleTechnologies (which helps brands manage their internet reputations), WildTangent (an online game publisher with in-and around-game advertisingcapabilities) and LiveWorld (provider of online community and social networkingservices). Contact: Feona McEwan, WPPT. + 44 20 7408 2204 www.wpp.com This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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