WPP Group PLC
01 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 capital
of The Communications Group Holdings Pty Ltd ("TCG"), the third largest
advertising 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 include
major Australian brands and companies in the financial, fmcg and services
sectors.
TCG reported revenues of A$131 million for the year ended 30 June 2005 and had
consolidated net assets of A$16.6 million at that date.
The various TCG businesses will be integrated into Young & Rubicam Brands in
Australia, 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 clients
include leading Australian corporations, Government organisations and blue chip
multi-national companies.
This investment reinforces WPP's comprehensive communications services offer and
continues the Group's strategy of developing its networks in important and
faster growing sectors and markets.
For further information please contact:
Feona McEwan 44-20 7408 2204
WPP London
Hamish McLennan
Young & Rubicam, Sydney 612- 9931 6035
61 410 501 005
This information is provided by RNS
The company news service from the London Stock Exchange
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