What's New in the "Political Economy"
Reframous.com wants to give a second shout out to Sarah Fischer and the Axios Media Trends this week. Rarely do political junkies like us get such a clear quick look through the world of the big media holding companies. Fischer writes:
"WPP's stock was down close to 5% at market close Monday after news broke over the weekend that its longtime CEO, Sir Martin Sorrell, is leaving the company...Some analysts are suggesting that whomever replaces Sorrell at WPP might consider a break-up of WPP’s complex structure, which Sorrell created after more than three decades as CEO. “The chances of significant chunks of the business being sold off have dramatically increased,” Liberum analyst Ian Whittaker wrote Monday."
Let me offer this reframe:
Usually Madison Avenue, the world of 'Madmen' and the big dollars in the international holding companies don't mean much for the friends of reframous.com who run small independent consultancies. However, I took a quick look at the WPP Client List and just off the top of my head here were some of the "political firms" listed:
An awful lot of impact political operatives work or have worked at those firms. It will be very interesting for the "political economy" if there are major changes in the ownership structures of those companies. Also here is a question for our loyal readership:
How many political agencies have full or partial ownership by big for-profit investors?
"WPP's stock was down close to 5% at market close Monday after news broke over the weekend that its longtime CEO, Sir Martin Sorrell, is leaving the company...Some analysts are suggesting that whomever replaces Sorrell at WPP might consider a break-up of WPP’s complex structure, which Sorrell created after more than three decades as CEO. “The chances of significant chunks of the business being sold off have dramatically increased,” Liberum analyst Ian Whittaker wrote Monday."
Let me offer this reframe:
Usually Madison Avenue, the world of 'Madmen' and the big dollars in the international holding companies don't mean much for the friends of reframous.com who run small independent consultancies. However, I took a quick look at the WPP Client List and just off the top of my head here were some of the "political firms" listed:
- Benenson Strategy Group
- Blue State Digital
- Dewey Square Group, LLC
- Penn Schoen Berland
- Prime Policy Group
- The Glover Park Group
- Public Strategies Inc
An awful lot of impact political operatives work or have worked at those firms. It will be very interesting for the "political economy" if there are major changes in the ownership structures of those companies. Also here is a question for our loyal readership:
How many political agencies have full or partial ownership by big for-profit investors?
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