Advertising, ad campaigns, ad agencies, and the people that make it happen

I have posted on both my blogs about how much trouble Interpublic is in financially. Today’s news from the North Carolina lottery is that it has selected Wray Ward Laseter to handle the account after their original choice, Howard, Merrell & Partners, withdrew because its parent company, Interpublic Group, declined to buy performance and payment bonds for the account. The lottery said last week that it selected HMP but had not signed a contract because it had not provided the $1 million in bonds required in the RFP. A representative for HMP said the parent company "had issues" with the bond requirement. "IPG could not resolve the issues in a timely fashion," – In plain English, this means IPG couldn’t come up with a paltry $1 million. Probably blew it on all those "Christina O" parties at Cannes last year! Stay tuned… This is going to get really nasty!

Hey! A million dollars hardly pays for the weekly flower bill!