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Melt Update | 23 May | Next15 to takeover M&C Saatchi and MORE

Animesh Das, May 23, 2022

Meanwhile, Umakant Lakhera re-elected as President of Press Club of India.

At Kyoorius, we’re dealing with the coronavirus situation with the seriousness it deserves.
Therefore, we’re doing what can be done remotely while keeping our followers informed on all that is happening in the world of media, advertising and marketing.
Consequently, till things improve, Melt in a Minute will change a bit.
The format will change from all video to a text-based post. A little more difficult to consume, but it’s the best we can think of under the circumstances.
All of you, stay safe.
And stay informed with posts like this one.

Top News:

1. Next15 to takeover M&C Saatchi
M&C Saatchi has agreed a deal to sell the agency group for £310 million (US$387 million) to bigger rival Next15 in a dramatic move – days after rejecting a lower offer from Vin Murria’s investment vehicle AdvancedAdvT.

2. Jet Airways appoints four new senior executives
The Jalan Kalrock Consortium (JKC) has announced appointments for the Jet Airways leadership team, as the airline prepares for its return. Prabh Sharan Singh will serve as Chief Digital Officer.

3. Umakant Lakhera re-elected as President of Press Club of India
Results of the recently held elections at Press Club of India (PCI) are finally out. Umakant Lakhera, President Elect, won all 21 seats which includes executive committee members after a fierce fight.

4. JSW One Platforms names Gaurav Sachdeva as CEO
Gaurav Sachdeva has been appointed as the CEO of JSW One Platforms, an e-commerce venture by JSW Group. This ecommerce business aims to bring transparency, timely delivery, trust and ease-of-doing-business digitally for MSMEs.

5. Shemaroo to invest Rs 50 cr in new biz initiatives in FY23
The company’s new initiatives include TV channels Shemaroo TV, Shemaroo MarathiBana, and the recently launched Shemaroo Umang. The OTT business comprises of ShemarooMe app.