David Klan, currently general manager of global brand marketing for Mazda at its Hiroshima, Japan, headquarters, will take the reins of the marketing operations for Mazda North America beginning Aug. 1.
Although two of the five networks have not completed their upfronts, all signs point to a flat or slightly down finish, due in large part to marketers diverting advertising dollars to new media. The final upfront is estimated to total $8.9 billion to $9 billion, as opposed to last year's estimated $9.1 billion and an estimated $9.3 billion the year before.
Best Buy Co. aims to expose customers to new entertainment products and artists through a promotion with Blender magazine, in which editors make purchase recommendations. Blender's August issue will feature a Best Buy advertising section focused on back-to-school gadgets and software for college students.
McDonald's Corp. and Walt Disney Co. still intend to work together and possibly put McDonald's restaurants in Disney parks, but both companies now are free to forge deals with other film studios and quickservice chains, respectively.
Ninety-five percent of Hispanic-Americans over age 12 listen to radio, according to a new study from Arbitron. The report, "Hispanic Radio Today 2006," also found the average Hispanic consumer listens to more than 22 hours and 15 minutes of radio each week, vs. 19 hours and 15 minutes for non-Hispanics.
Compared to last year, Nike Inc.'s fiscal fourth-quarter net income dropped 5% to $332.8 million -- mainly due to higher costs associated with World Cup ad buys and raw material cost increases. The company also cited a $52.5 million settlement between its Converse subsidiary and a former licensee as another drain on earnings.