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Commercial kings. Advertising agencies Omnicom and Publicis announced Sunday that they were merging in a deal worth $35 billion. The combination will make for strange bedfellows as Omnicom does work for Pepsi while Publicis counts Coke as a client. Some are positioning the deal as Madison Avenue's answer to the growing power of digital advertising. By getting bigger the two shops will be in better position against
Betting on Hillary. NBC said it is planning a miniseries on Hillary Rodham Clinton starring Diane Lane as the former first lady and secretary of State. The program is one of several big event projects NBC said it has in the works. NBC brass also indicated that it hopes Jay Leno will maintain ties with the network after he finishes his run on
New boss. Bloomberg Media, the business news conglomerate whose properties include the Bloomberg TV cable channel and the magazine Business Week, has tapped Atlantic Media boss Justin Smith as its new president. Smith is credited with will building a strong digital presence for the Atlantic magazine. Andy Lack, who had been president of Bloomberg Media, has been named chairman. Details on the hire from the New York Times.
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