RE: Is this a long term share?18 May 2021 18:44
In the last 10 years, I have been working in the digital media industry. I also worked at WPP-owned MediaCom for about two years. WPP acquired many "jack of all trades" media agencies - they overlapped each other. Although WPP became the biggest media company in the world, it had overlapping issues between its own agencies. Its agencies were fighting to get its own clients.
I believe Sorrell understood the issue when starting S4 Capital and he is only acquiring specialist agencies from different sections of the media industry.
I am holding it for a long term gain. Fingers crossed!