Advertising giant WPP has sold a majority stake in its post-production business, which worked on hits including ITV’s Downton Abbey and the BBC’s Baptise series. Advertising giant WPP has sold a majority stake in its post-production business, which worked on hits including ITV’s Downton Abbey and the BBC’s Baptise series. WPP initially bought its 75% stake in The Farm more than 20 years ago under founder and former chief executive Sir Martin Sorrell. WPP has sold several divisions since Sir Martin Sorrell departed (Jonathan Brady/PA)But since he left following allegations of misconduct, new chief executive Mr Read has vowed to cut “non-core” divisions. Meanwhile, Sir Martin also revealed his new advertising business venture, S4 Capital, is set to buy Australia-based marketing tech firm Biztech for an undisclosed sum.

Source: Irish Independent June 21, 2019 12:22 UTC