WPP Group PLC
16 June 2003
FOR IMMEDIATE RELEASE 16 June 2003
WPP GROUP PLC ("WPP")
WPP acquires stake in Mediapro, the European media group
WPP announces that it has acquired a 30% stake in the share capital of the
Mediapro Group, the media group with activities in Spain, France, Portugal,
Netherlands, USA and Hungary. Mediapro's activities include the negotiation of
television rights, production, transmission, content and distribution.
Founded in 1994, Mediapro, which is headquartered in Spain, employs 1,000 people
and had revenues of 160 million euro for the year ended 31 December 2002 and net
assets of 58 million euro as at the same date.
Mediapro's clients include: Sport Five, Sogecable, DTS Via Digital, Canal +
France, Sport TV Portugal and the major Spanish, Portuguese and French
television stations.
The acquisition of Mediapro strengthens WPP's media investment management
interests, and continues the company's strategy of strengthening its networks in
important markets and sectors.
For further information, please contact:
Feona McEwan, WPP
T: +44 20 7408 2204
www.wpp.com
This information is provided by RNS
The company news service from the London Stock Exchange
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