WPP Group PLC
10 March 2006
FOR IMMEDIATE RELEASE 10 March 2006
WPP GROUP PLC ("WPP")
MediaCom acquires MediaCom North in the UK
WPP announces that its wholly-owned media investment management network,
MediaCom, has acquired the outstanding 81% of the issued share capital of
MediaCom North Limited.
Founded in 1996, Mediacom North has been part of the MediaCom network since
1999. MediaCom North is based in Manchester and employs 45 people.
Clients include Bradford & Bingley, MoneySupermarket, JD Sports, Injury Lawyers
4U, Pontins, Umbro and United Utilities. MediaCom North's revenues for the year
ended 30 April 2005 were £3,639,964 with net assets at that date of £1,319,363.
This investment continues WPP's strategy of developing its networks in
fast-growing sectors.
For futher information please contact:
Feona McEwan, WPP 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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