While Twitter recently reported a decline in revenue for the first time since going public, video has been a bright spot for its ad revenue. “The board determined that pursuing our own plan is the right course of action,” Time Chief Executive Rich Battista said in an interview. CHUMP CHANGE: WPP Chief Executive Sir Martin Sorrell is taking a pay cut after years of pressure from angry shareholders, reports WSJ. The growing list of potential suitors includes Nexstar Media Group Inc., Sinclair Broadcast Group Inc. and a partnership between 21st Century Fox Inc. and Blackstone Group LP. Mr. Denton, who was previously the chief executive of Razorfish, had recently taken on the role of chief strategy officer of the newly merged SapientRazorfish agency brand.

Source: Wall Street Journal May 01, 2017 11:37 UTC