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BUSINESS
August 16, 2007 | Alana Semuels, Times Staff Writer
Struggling EMI Group, the world's fourth-largest record label, has hired the Los Angeles office of global advertising agency Saatchi & Saatchi to help market its music. The move, announced Tuesday, comes as music labels are trying to tackle declining sales and two weeks after EMI accepted a buyout offer from private equity group Terra Firma Capital Partners Ltd.
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BUSINESS
August 16, 2007 | Alana Semuels, Times Staff Writer
Struggling EMI Group, the world's fourth-largest record label, has hired the Los Angeles office of global advertising agency Saatchi & Saatchi to help market its music. The move, announced Tuesday, comes as music labels are trying to tackle declining sales and two weeks after EMI accepted a buyout offer from private equity group Terra Firma Capital Partners Ltd.
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BOOKS
September 18, 1988
The review of "Emperors of Adland" (Book Review, July 24) mentioned the agency "Sachi & Sachi." The correct name is Saatchi & Saatchi Co. PLC. DAVID W. BATTERSON PALM SPRINGS
BUSINESS
October 15, 1987
Saatchi & Saatchi Co. PLC, New York, has named Victor Millar chairman and chief executive of its consulting division. He also will assume the role of chairman and chief executive of the communications division, replacing Anthony Simonds-Gooding, who is leaving to become the chief executive of British Satellite Broadcasting.
NEWS
May 12, 1986 | Associated Press
Saatchi & Saatchi Co. PLC said today it has agreed to acquire Ted Bates Worldwide Inc. for $450 million in a deal that would create the world's largest advertising agency. The merger, if approved by stockholders and various government agencies, would result in an agency with more than $7.5 billion in annual billings and operations in 50 countries. It would also make British-owned Saatchi larger than the as-yet-unnamed holding company of the recently combined BBDO International Inc.
BUSINESS
June 14, 1989 | From Times wire services
British advertising giant Saatchi & Saatchi Co. PLC today reported an almost 70% drop in profits and said it might shed its consulting division. The company said in a statement that it has appointed a U.S. investment bank, the Blackstone Group, to develop proposals to float off its consultancy unit. Saatchi entered the consultancy business in 1984 and last year said the division was the 10th-largest in the world. But the advertising group was said to be increasingly disappointed with results from the consulting unit, and its sale has been rumored.
BUSINESS
October 12, 1989 | From Reuters
Charles and Maurice Saatchi, the brothers who created the world's biggest advertising agency and "sold" Prime Minister Margaret Thatcher to British voters, will step down as joint chief executives, the company said today. London-based Saatchi & Saatchi Co. PLC said Robert Louis-Dreyfus, 43, will take over as sole chief executive of the agency as of Jan. 1.
BUSINESS
March 13, 1990 | From Times Wire Services
Saatchi and Saatchi Co. PLC today announced 30% salary cuts for founders Charles and Maurice Saatchi and several other steps designed to help turn around the troubled British advertising agency. Maurice Saatchi, who is chairman of Saatchi's board of directors, and, Charles Saatchi, a director, will see their annual salaries cut to about $699,000 from $1 million.
BUSINESS
July 16, 1987 | BRUCE HOROVITZ
Saatchi & Saatchi Co. PLC, the British advertising holding company that leads all others in annual worldwide billings, announced the merger of two of its biggest U.S. ad agencies Wednesday and shuffled top personnel. Emerging as the winner is Carl Spielvogel, 58, who founded Backer & Spielvogel Inc., in 1979 and sold it to Saatchi six years later.
BUSINESS
May 5, 1990 | From Associated Press
Two key directors of the troubled advertising and consulting giant Saatchi & Saatchi Co. PLC resigned Friday, the company said. Roy Warman and Terry Bannister served as joint chief operating officers of Saatchi's communications division with responsibility for worldwide advertising operations. Saatchi's deputy chairman Jeremy Sinclair was named to replace the men.
BUSINESS
May 2, 1989 | BRUCE HOROVITZ, Times Staff Writer
Shares of Ogilvy Group jumped more than $17 Monday following an unsolicited $725-million bid for the New York advertising concern by the British firm WPP Group. If an acquisition eventually does take place--as many analysts predict it will--Ogilvy would join the growing list of major U.S. advertising agencies that have fallen into British hands. This despite a letter sent Sunday by Kenneth Roman, chairman and chief executive of Ogilvy, to WPP chief Martin S. Sorrell, which stated: "Ogilvy and WPP have fundamentally different strategies and goals."
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