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Sandeep Goyal s Mogae Media acquires oldest ad agency Rediffusion

Curtains will come down on one of the country’s oldest advertising agencies, Rediffusion, following its acquisition by adman Sandeep Goyal’s Mogae Media. Rediffusion partners Arun Nanda and Ajit Balakrishnan, who held 50 per cent each, have decided to step back from day-to-day operations of the agency, it is reliably learnt. Nanda, who founded Rediffusion along with Balakrishnan and Mohammed Khan in 1973, will remain chairman of Rediffusion. Goyal will take over as MD. The deal size could not be ascertained till the time of going to press. But Rediffusion will cease to exist as an independent brand. It will be part of the Mogae Media group, people in the know told Business Standard.

Sandeep Goyal s Mogae Media set to acquire Rediffusion

Sandeep Goyal’s Mogae Media set to acquire Rediffusion Share Via: Goyal was Rediffusion’s president from 1997 to 2001. Sources have confirmed the development that Sandeep Goyal-owned Mogae Media, an integrated marketing and communications agency is set to acquire Rediffusion, a full-service independent advertising agency and its sibling agency Everest Brand Solutions. Arun Nanda, Ajit Balkrishnan, and Mohammed Khan had launched Rediffusion in 1973. Khan moved on in 1983 to launch his own agency ‘Enterprise’. In 1994, agency holding network WPP acquired Rediffusion and merged it with American advertising agency Young & Rubicam (Y&R) to form Rediffusion Y&R. In 2018, Nanda and Balakrishnan brought back 40 per cent shares held in their agency by Y&R and dentsu to become an independent entity once again.

The Hitchhiker s Guide to Feedback Failures

The Hitchhiker’s Guide to Feedback Failures Share Via: Or how to avoid becoming someone who no one wants to show work to… In my respectably long hike of twenty four years in advertising, I have come across less than a handful of people who knew how to guide someone in turning a nugget of an idea into something spectacular, who could kill an average idea without shattering the fragile morale of a creative-in-the-making, who could reject a strategy and yet send the presenter back doubly charged, raring to return with something greater. Sadly, the vast majority, who have the exact opposite effect in that much hated event called ‘review,’ happen to account for 99.99999% of all the people who populate advertising agencies and client offices.

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