Financial highlights

_____________Regulated information. The figures presented in the interim management statement are unaudited.¹ Adjusted for RTL Klub in Hungary, other minor scope changes and at constant exchange rates² EBITA represents earnings before interest and income tax expense excluding impairment of goodwill and disposal groups, amortisation and impairment of fair value adjustments on acquisitions and gain or loss from sale of subsidiaries, joint ventures and other investments³ Primarily Alpha Media Group in Greece and the digital television channels in the UK 

Compared to a weak first quarter in 2009, most of the Western European TV advertising markets recorded robust growth during the first quarter 2010, with Germany, France and the UK showing the best development. In Germany, RTL Group’s family of channels clearly outperformed the market in the reporting period. Against this background, reported Group revenue increased significantly by 10.1 per cent to EUR 1,308 million (Q1/2009: EUR 1,188 million).

Thanks to improved results from all broadcasting activities – and Mediengruppe RTL Deutschland in particular - reported Group EBITA more than doubled (+126.4 per cent) to EUR 197 million (Q1/2009: EUR 87 million), even surpassing the first-quarter results of 2008 (EUR 188 million). This translated to a reported EBITA margin of 15.1 per cent (Q1/2009: 7.3 per cent).

On 1 February 2010, Groupe M6 announced the exercise of its put option to sell its 5.1 per cent stake in Canal Plus France to Vivendi. This led to the payment of the minimum guaranteed amount of EUR 384 million by Vivendi to Groupe M6 on 22 February 2010.

The net cash position of RTL Group as of 31 March 2010 was EUR 1,286 million (31 March 2009: EUR 741 million). Since then, the dividend payment, amounting to EUR 541 million, was made on 29 April 2010.

Outlook: Given the positive business development in the first months of 2010, RTL Group expects to improve on last year’s results. However, developments on the various advertising markets can only be predicted to a very limited degree. This has to do partly with the strong fourth quarter of 2009 - at the moment, no one can tell what the fourth quarter will look like this year, given the low visibility and economic environment.

Operational highlights

• The combined audience share of Mediengruppe RTL Deutschland in the key 14 to 49 target group increased to 35.3 per cent (Q1/2009: 34.2 per cent) – a new record – putting it 5.7 percentage points ahead of the ProSiebenSat1 family. This positive development was driven by RTL Television which reached an audience share of 18.0 per cent among young viewers (Q1/2009: 16.9 per cent)
• RTL Group’s market-leading flagship channels in the Netherlands (RTL 4) and Belgium (RTL-TVI) also reported higher audience shares compared to Q1/2009
• In France, Groupe M6’s main digital channel, W9, again reports strong growth, both in terms of advertising revenue and audience share, which increased to 3.6 per cent in the main commercial target group of housewives aged under 50 (Q1/2009: 3.0 per cent)
• Alpha TV in Greece continued its positive ratings development in the first quarter of 2010: the channel’s all-day audience share among viewers aged 15 to 44 increased to 14.3 per cent (Q1/2009: 13.1 per cent)
• In March, FremantleMedia acquired the remaining 25 per cent of the production company Blu, the market leader in Denmark and Sweden, taking FremantleMedia’s ownership to 100 per cent; in April, FremantleMedia took over 100 per cent of the Netherlands-based independent production company Four One Media 

Highlights

_____________

¹ Adjusted for scope changes and at constant exchange rates
² EBITA represents earnings before interest and income tax expense excluding impairment of goodwill, disposal groups and amortisation and impairment of fair value adjustments on acquisitions and gain or loss from sale of subsidiaries, joint ventures and other investments
³ Primarily launch costs of digital television channels in France, Germany and the UK
⁴ Adjusted earnings per share represents the net profit for the period adjusted for impairment of goodwill, disposal groups and amortisation of fair value adjustments on acquisitions and gain or loss from sale of subsidiaries, joint ventures and other investments, net of income tax expense and one-off tax effects

RTL Group increases revenue and EBITA, for the seventh consecutive year

• Reported EBITA of EUR 916 million, up 2.0 per cent, despite a tougher economic climate

• Reported Group revenue up 1.2 per cent to EUR 5,774 million; underlying revenue, at constant exchange rates, up 2.6 per cent

• Reported EBITA margin improved to 15.9 per cent

• Net profit attributable to RTL Group shareholders down to EUR 194 million (2007: EUR 563 million), mainly due to an impairment of goodwill of the UK TV activities amounting to EUR 337 million

• Net cash from operating activities of EUR 1,065 million resulting in an operating cash conversion of 114 per cent

• Proposed ordinary dividend for 2008 up to EUR 1.40, from EUR 1.30 for 2007; once again proposed extraordinary dividend of EUR 2.10 for 2008 (EUR 3.70 for 2007)

• Increasingly challenging advertising conditions across Europe

Mediengruppe RTL Deutschland and FremantleMedia with record EBITA

• Mediengruppe RTL Deutschland with its best year ever; EBITA up 25.6 per cent;
  leading position on the German TV advertising market significantly strengthened

• FremantleMedia reports growing revenue and EBITA figures for the fifth consecutive year, driven by its slate of international prime time hit formats; EBITA up 18.3 per cent

• EBITA of Groupe M6 in France impacted by a major programme investment for the European football championship 2008; free DTT channel W9 continued its rapid audience and revenue growth and generated positive EBITA for the first time

• RTL Nederland implemented a restructuring programme at the end of 2008;
  EBITA down 17.6 per cent also due to these one-time restructuring charges

Selective acquisitions and launches to strengthen core business activities

• Acquisition of a 66.6 per cent majority shareholding in Alpha Media Group, Greece’s number four broadcasting company

• RTL Group builds up comprehensive catch-up TV services in Germany (RTLnow.de), France (M6replay.fr), the Netherlands (RTLgemist.nl) and in the UK (Demand.Five.tv)

• Investments to strengthen RTL Group’s internet portfolio

  • Mediengruppe RTL Deutschland acquired the fast-growing social network Wer-kennt-wen.de

  • Groupe M6 acquired a 100 per cent stake in the Cyréalis group

• Launch of exclusive mobile TV channel RTL 24 in the Netherlands

• Relaunch of marketing agency UFA Sports to round off RTL Group’s portfolio and to further diversify revenue streams

“A position of strength”

Gerhard Zeiler, Chief Executive Officer of RTL Group, said:

“In spite of increasingly difficult advertising markets in Europe, in 2008 RTL Group increased its revenue and operating result for the seventh year running. The company has a broad-based, secure setup, and is active in many countries and business areas. In particular, strong performances at Mediengruppe RTL Deutschland and FremantleMedia contributed to the increase in profits.

Based on the 2008 results and the cash position, we propose a total dividend of EUR 3.50 per share - consisting of an ordinary dividend of EUR 1.40 and an extraordinary dividend of EUR 2.10.

This position of strength is the result of our strategy, which is based on strict investment criteria. In 2008, we significantly stepped up our online activities with targeted acquisitions and investments. After our takeover of the Alpha Media Group in Greece, we now have 45 TV channels in 11 European countries.

Operating in a very challenging time, we are experiencing a substantial slowdown in advertising bookings. We will respond to this by focusing on our core business, and by reviewing all costs and structures. This will result in a significantly lower cost base in all of our operations.

Given the current state of the advertising markets, and the very short-term bookings cycle, it is impossible to give reliable full-year guidance. But it has to be expected that the profitability level will be down compared to 2008.”

About RTL Group
RTL Group is the leading European entertainment network, with interests in 45 television channels and 32 radio stations in 11 countries and content production throughout the world. The television portfolio of Europe’s largest broadcaster includes RTL Television in Germany, M6 in France, Five in the UK, the RTL channels in the Netherlands, Belgium, Luxembourg, Croatia and Hungary, Alpha TV in Greece, Ren TV in Russia and Antena 3 in Spain. RTL Group’s flagship radio station is RTL in France, and it also owns or has interests in other stations in France, Germany, Belgium, the Netherlands, Greece, Spain and Luxembourg. RTL Group’s content production arm, FremantleMedia, is one of the largest international producers outside the US. Each year, it produces 10,000 hours of programming across 57 countries.

Live Nation owns, operates or manages more than 110 music venues across North America, drawing more than 28 million music fans annually. CBS RADIO operates 137 radio stations across the country, a majority of which are in the top 50 markets. Live Nation expects the agreement to bring over 260,000 fans annually to its venues to enjoy CBS RADIO events, generating additional sponsorship, ticket sales and ancillary venue revenue.

“Our alliance with CBS Radio is another example of our focus on leveraging our unmatched portfolio of live venues across the nation to drive profitable revenue streams,” said Jason Garner, Chief Executive Officer of Global Music for Live Nation. “We have worked closely with CBS Radio as a marketing partner in the promotion of our 12,000 annual North American concerts. This deal deepens that relationship while increasing the utilization of our live entertainment venues in a risk-averse manner.”

CBS RADIO President and Chief Executive Officer Dan Mason commented: “For many years we have enjoyed a very successful relationship with Live Nation helping us grow our radio shows across the country into some of the biggest events of the year. With their national platform of venues and their team of talented promoters and marketers, we feel we will be able to expand the breadth of radio shows we offer on-site, on-air and online in a substantive way over the course of this agreement.”

ABOUT LIVE NATION:

Live Nation’s mission is to maximize the live concert experience. Our core business is producing, marketing and selling live concerts for artists via our global concert pipe. Live Nation is the largest producer of live concerts in the world, annually producing over 16,000 concerts for 1,500 artists in 57 countries. The company sells over 45 million concert tickets a year and expects to drive over 60 million unique visitors to LiveNation.com in 2008. Live Nation is transforming the concert business by expanding its concert platform into ticketing and building the industry’s first artist-to-fan vertically integrated concert platform. Headquartered in Los Angeles, California, Live Nation is listed on the New York Stock Exchange, trading under the symbol “LYV.” Additional information about the company can be found at www.livenation.com/investors.

ABOUT CBS RADIO

CBS RADIO, one of the largest major-market operators in the United States with stations covering news, sports, talk, rock, oldies, country, adult contemporary and urban formats, among others, offers audiences an enhanced and customized listening experience through the combination of on-air, online and new media platforms. CBS RADIO operates 137 radio stations throughout the nation’s top 50 markets and broadcasts play-by-play coverage of 26 of the country’s leading professional sports franchises. CBS RADIO also has embraced interactive programming through the use of streaming, HD Radio, podcasts and mobile messaging. The division maintains an agreement with AOL Radio through which CBS RADIO powers AOL Radio and distributes its stations to its network of listeners. Home to the nation’s most listened to news (1010 WINS), sports (WFAN-AM), rock (KROQ-FM) and country (WUSN-FM) stations, CBS RADIO is a division of CBS Corporation. For more information on CBS RADIO, please visit www.cbsradio.com.

“We are extremely pleased to have reached this broad long-term agreement that recognizes the value of our programming,” said Leslie Moonves, President and CEO, CBS Corporation.  “Verizon subscribers will have continued access to the Number One TV network not only through FiOS TV, but also through V CAST on the mobile phone, which enhances our profile on a key emerging platform.”

“Verizon is focused on providing the most comprehensive and exciting entertainment to our customers across all our services and platforms,” said John Harrobin, Senior Vice President of Digital Media for Verizon. “We’re pleased to extend our relationship with CBS, which helps us deliver the hit shows and compelling content our customers want to enjoy.”

Under the new agreement, Verizon has secured

The expanded agreements also provide national video-on-demand rights for programs in both standard and high definition format, including such leading shows as “CSI: Crime Scene Investigation,” “NCIS,” “Survivor,” and “Numb3rs,” as well as video-on-demand rights for local news, also in SD and HD.

And, Verizon will continue to offer CBS programming on Verizon FiOS TV, its all-digital fiber-optic TV service, which is available in parts of 14 states, and reaches more than 1.6 million subscribers.

Other terms of the agreement were not disclosed.

About CBS Corporation

CBS Corporation is a mass media company with constituent parts that reach back to the beginnings of the broadcast industry, as well as newer businesses that operate on the leading edge of the media industry. The Company, through its many and varied operations, combines broad reach with well-positioned local businesses, all of which provide it with an extensive distribution network by which it serves audiences and advertisers in all 50 states and key international markets. It has operations in virtually every field of media and entertainment, including broadcast television (CBS and The CW – a joint venture between CBS Corporation and Warner Bros. Entertainment), cable television (Showtime Networks and CBS College Sports Network), local television (CBS Television Stations), television production and syndication (CBS Paramount Network Television and CBS Television Distribution), radio (CBS Radio), advertising on out-of-home media (CBS Outdoor), publishing (Simon & Schuster), interactive media (CBS Interactive), music (CBS Records), licensing and merchandising (CBS Consumer Products), video/DVD (CBS Home Entertainment), in-store media (CBS Outernet) and motion pictures (CBS Films).  For more information, log on to www.cbscorporation.com.

About Verizon

Verizon Communications Inc., headquartered in

• TELEVISION: Last year’s tilt between the Patriots and the Giants was viewed by a record 97.5 million people nationwide. As expected, the Super Bowl was the most-watched TV broadcast in 2008.

• ADVERTISERS: The cost of a 30-second spot in last year’s Super Bowl was $2.7 million. Total spending for the game reached over $195 million. Anheuser-Busch bought the most commercial time (4 minutes total). The highest-rated commercial minute was the Victoria’s Secret spot at 9:44pm, seen by 103.7 million viewers. The most-liked ad was produced by the NFL. The most-recalled ad was produced by FedEx.

• ONLINE: Super Bowl advertisers saw a 24 percent jump in Web traffic the day after last year’s Super Bowl. The Pepsi commercial featuring Justin Timberlake gathered the most Internet buzz.

• MUSIC AND MOVIES: In the week following Tom Petty & the Heartbreakers’ halftime performance last year, sales of their “Greatest Hits” album jumped 196%. Petty’s “Anthology: Through the Years” album jumped 240% that same week. Box office sales on the weekend of Super Bowl Sunday show notable decline. The NFL Super Bowl XLII DVD was the #1 selling sports DVD in 2008.

• SNACKS AND BEER: The Super Bowl is the 8th-largest beer-selling event each year. Markets with hometown teams involved in the big game are more likely buy more beer. Potato chips are the snack of choice at Super Bowl parties, but tortilla chips are quickly gaining.

• CONSUMER TRENDS: There’s a softer side to football fans. People identifying themselves as avid NFL fans outpaced total U.S. spending in skin care by 74% from 2005 to 2007. NFL fans are also more likely to own hi-tech electronic items than the average adult.

• DEMOGRAPHICS: About 138 million adults - or more than 60% of the adult population in the U.S. - are NFL fans. The league is slightly more likely to attract fans from higher education and income brackets. Fans are also generally more physically active than the average American.

For more details and analysis, please see the full downloadable news release.

For additional advertising and media trends, visit Nielsen’s blog at: http://blog.nielsen.com/nielsenwire/.

About The Nielsen Company

The Nielsen Company is a global information and media company with leading market positions in marketing and consumer information, television and other media measurement, online intelligence, mobile measurement, trade shows and business publications (Billboard, The Hollywood Reporter, and Adweek). The privately held company is active in more than 100 countries, with headquarters in New York, USA. For more information, please visit, www.nielsen.com.

Table 1
Percentage of Households that Are Completely Unready
For the Digital Transition

Source: The Nielsen Company

Under government-mandated action, all television stations are required to switch to digital programming by February 17, 2009, which will leave viewers without a television signal unless they purchase digital television sets, connect to cable, satellite, and alternate delivery systems or purchase a converter box.

Nielsen is making these estimates available as a public service to the television industry, government policy-makers and local communities. This information is based on the same national and local television ratings samples that are used to generate national and local television ratings. To conduct the survey, Nielsen representatives observed and tabulated the actual televisions used in its samples. Because Nielsen has developed samples that reflect the total U.S. population including African American and Hispanic populations, these household characteristics in the samples can be projected to the whole country.

“Nielsen has been preparing for the transition to digital television for more than two years,” said Nielsen Vice Chair Susan Whiting. “Because we recognize that accurate and reliable information on consumer behavior is essential to this transition, we’ve been sharing our data with clients, government leaders and the public so they could track progress to digital readiness.”

“There are still millions of people who will be adversely affected because they are not ready for the digital transition.  So it’s critical that we provide them with the information and resources they need to stay connected with the world,” said Ernest W. Bromley, Nielsen Hispanic/Latino Advisory Council (HLAC).

“Nielsen has played a key role in reaching out to our underserved communities and helping them understand what needs to be done,” said Nita Song, Nielsen Asian Pacific American Advisory Council (APAAC).

“It is imperative that we operate at an accelerated pace to educate those who are at the greatest risk of losing their television service — low-income households, large numbers of senior, minority and disabled viewers.   These viewers rely on traditional television the most and can least afford to lose their television lifelines.  We have a responsibility to make sure that these groups whether in our families, churches or communities are equipped and ready for this transition,” said Cynthia Perkins-Roberts, Nielsen African American Advisory Council (AAAC).

Local Market Rankings

Among the 56 local markets that Nielsen measures with electronic meters, the one that is least ready is Albuquerque-Santa Fe, with 12.4% of the households completely unready. The most prepared market is Hartford & New Haven, with only 1.8% of homes unready.

Table 2
Least Prepared Local Metered Markets Based on Percentage of Households
Currently Unprepared for Digital Conversion

Source: The Nielsen Company

For more information on the U.S. state of readiness for digital transition, please visit: www.nielsenwire.com.

About The Nielsen Company

The Nielsen Company is a global information and media company with leading market positions in marketing and consumer information, television and other media measurement, online intelligence, mobile measurement, trade shows and business publications (Billboard, The Hollywood Reporter, and Adweek). The privately held company is active in more than 100 countries, with headquarters in New York, USA. For more information, please visit, www.nielsen.com.

“Increasing the number of cell-phone-only households in our PPM samples is an important element in our ongoing programs to enhance the participation of 18-34 year olds of all races and ethnicities,” said Owen Charlebois, president, Technology and Research & Development. “As the number of households that can be reached only by cell-phone continues to grow, Arbitron will update its methodologies to better include this important segment of the population.”

For the New York PPM radio ratings service, Arbitron has already announced that it would increase the cell-phone-only sample target to 15 percent by July 2010.

Cell-phone-only sampling plans for diary markets 
On December 15, 2008, Arbitron announced plans to expand the introduction of cell-phone-only sampling to 151 diary markets in Spring 2009 and to all diary markets (except Puerto Rico) by Fall 2009.

In diary markets, Arbitron also plans to use an address-based sample frame as the foundation of its cell-phone-only sample, while maintaining the random-digit-dial (RDD) sample frame for landline households.

The expansion of cell phone-only sampling to 151 diary markets in the spring assumes that the company is able to complete the development of software necessary to support the rollout as scheduled. If the company is not able to develop the software as expected, the planned acceleration of cell phone-only sampling could be delayed. Arbitron expects to confirm its plans for cell-phone-only sampling for the Spring 2009 survey by late February.

About the Portable People Meter 
The Arbitron Portable People Meter^TM system uses a passive audience measurement device – about the size of a small cell phone – to track consumer exposure to media and entertainment, including broadcast, cable and satellite television; terrestrial, satellite and online radio as well as cinema advertising and many types of place-based electronic media. Carried throughout the day by randomly selected survey participants, the PPM^TM device can track when and where they watch television, listen to radio as well as how they interact with other forms of media and entertainment.

The PPM detects inaudible codes embedded in the audio portion of media and entertainment content delivered by broadcasters, content providers and distributors. At the end of the day, the meter is placed in a docking station that extracts the codes and sends them to a central computer. The PPM is equipped with a motion sensor, a patented quality control feature unique to the system, which allows Arbitron to confirm the compliance of the PPM survey participants every day.

PPM ratings are based on audience estimates and represent the opinion of Arbitron. PPM ratings, like all audience estimates however derived, should not be relied on for precise accuracy or precise representativeness of a demographic or radio market.

About Arbitron 
Arbitron Inc. (NYSE: ARB) is a media and marketing research firm serving the media – radio, television, cable, online radio and out-of-home – as well as advertisers and advertising agencies in the United States. Arbitron’s core businesses are measuring network and local market radio audiences across the United States; surveying the retail, media and product patterns of local market consumers; and providing application software used for analyzing media audience and marketing information data. The company has developed the Portable People Meter, a new technology for media and marketing research.

Through its Scarborough Research joint venture with The Nielsen Company, Arbitron provides additional media and marketing research services to the broadcast television, newspaper and online industries.

Arbitron’s marketing and business units are supported by a world-renowned research and technology organization located in Columbia, Maryland.

Metro-Goldwyn-Mayer Pictures’/Columbia Pictures’ Quantum of Solace, the 22nd James Bond adventure, has taken in over $167.1 million to become the most successful Bond film of all time in North America, surpassing the $167 million grossed domestically by Casino Royale, it was announced on January 8th by Jeff Blake, chairman of Sony Pictures Worldwide Marketing and Distribution. The film is still playing in 891 theaters in the United States.

In addition, Quantum of Solace has grossed another $382.9 internationally, with the important market of Japan still yet to open. Taking in a worldwide gross so far of $550 million, Quantum of Solace is already the second-highest grossing Bond film of all time worldwide.

Commenting on the announcement, Blake said, “It is always gratifying when the audience responds to a film, but to be working with a character as successful as James Bond and see the two films Sony has handled become the two most successful films in the history of the franchise makes us all tremendously proud. It has been a special thrill to work on the Bond films, and we couldn’t be more excited by the success of Quantum of Solace.”

Daniel Craig reprises his role as Ian Fleming’s James Bond 007 in Quantum of Solace, the Metro-Goldwyn-Mayer Pictures/Columbia Pictures release of EON Productions’ 22nd adventure in the longest-running film franchise in motion picture history. The film is produced by Michael G. Wilson and Barbara Broccoli and directed by Marc Forster. The screenplay was written by Paul Haggis and Neal Purvis & Robert Wade.

About EON Productions

EON Productions/Danjaq, LLC, is owned by the Broccoli family and has produced twenty two James Bond films since 1962, including QUANTUM OF SOLACE. The James Bond films, produced by Michael G. Wilson and Barbara Broccoli, make up the longest running franchise in film history and include the recent blockbuster films GoldenEye, Tomorrow Never Dies, The World is Not Enough, Die Another Day and Casino Royale. EON Productions and Danjaq LLC, are affiliate companies and control all worldwide merchandising of the James Bond franchise.

About Columbia Pictures

Columbia Pictures, part of the Columbia TriStar Motion Picture Group, is a Sony Pictures Entertainment company. Sony Pictures Entertainment (SPE) is a subsidiary of Sony Corporation of America (SCA), a subsidiary of Tokyo-based Sony Corporation. SPE’s global operations encompass motion picture production and distribution; television production and distribution; digital content creation and distribution; worldwide channel investments; home entertainment acquisition and distribution; operation of studio facilities; development of new entertainment products, services and technologies; and distribution of filmed entertainment in more than 100 countries. Sony Pictures Entertainment can be found on the World Wide Web at http://www.sonypictures.com.

About Metro-Goldwyn-Mayer Inc.

Metro-Goldwyn-Mayer Inc., through its operating subsidiaries, is actively engaged in the worldwide production and distribution of motion pictures, television programming, home video, interactive media, music and licensed merchandise. The company owns the world’s largest library of modern films, comprising around 4,100 titles. Operating units include Metro-Goldwyn-Mayer Studios Inc., Metro-Goldwyn-Mayer Pictures Inc., United Artists Films Inc., Ventanazul, MGM Television Entertainment Inc., MGM Networks Inc., MGM Domestic Networks LLC, MGM Distribution Co, MGM International Television Distribution Inc, Metro-Goldwyn-Mayer Home Entertainment LLC, MGM ON STAGE, MGM Music, MGM Worldwide Digital Media, MGM Consumer Products and MGM Interactive. In addition, MGM has ownership interests in international TV channels reaching nearly 120 countries. MGM ownership is as follows: Providence Equity Partners (29%), TPG (21%), Sony Corporation of America (20%), Comcast (20%), DLJ Merchant Banking Partners (7%) and Quadrangle Group (3%). For more information, visit www.mgm.com.

Tom Carroll, President & CEO TBWA Worldwide said of TBWA’s recognition, “Over the last 10 years, under the leadership of Jean-Marie Dru and Lee Clow, we have been delivering both ‘Disruptive’ and creative ideas in a truly global and inclusive culture. Our objective is to bring out the best in our clients and their brands. Fortunately for us they want and expect TBWA to create work that gets us this kind of recognition. Thanks for noticing.”

In its selection of TBWA Worldwide, AdAge noted: “TBWA is our Global Agency of the Year because its uncommon success in marrying global scale with tremendous creativity.” AdAge further noted that, “A company that grew up as a confederation of independent states could really behave as a network… Judging by the Visa win; its success in assembling a new agency to win the Adidas’ digital business; its respectable revenue growth in a tough climate; and its continued creative excellence in a number of international markets, TBWA has done just that. That’s why it’s Advertising Age’s Global Agency of the Year for 2008.”

In recognizing Tom Carroll AdAge noted that, “The person who best embodied the spirit of leadership in the agency business is Tom Carroll.” AdAge went on to say that he is “Fit to run a relevant-as-it-gets global network;” and, “What really set Tom apart last year was his commitment to improving the ad business when so many of his peers were afraid to do so.”

Carroll said of being recognized as Executive of the Year, “I am fortunate to be part of a company with incredibly talented people in every corner of the world. This recognition is a reflection of the passion that everyone in the network has for the work we do.”

Carroll said of being recognized as Executive of the Year, “I am fortunate to be part of a company with incredibly talented people in every corner of the world. This recognition is a reflection of the passion that everyone in the network has for the work we do.”

TBWA\Chiat\Day was also recognized 2nd in AdAge’s Agency A-List noting that,” “The shop poured on about a billion dollars in billings in 2008, winning major marketing accounts for such storied brands as Pepsi, Gatorade and Visa, and grew revenue 4% globally and 3% in the U.S., numbers that likely will see Tom Carroll’s shop climb the Ad Age tables from its current position as the 10th-largest agency in the U.S. Yet, unlike many of the agencies it now rivals in size, TBWA still appears to breed creativity rather than killing it in the quest for scale.”

TBWA Worldwide was also recognized by Adweek magazine as it Global Agency of the Year for 2008.

AdAge first began recognizing agency networks in 1998 previously naming TBWA Worldwide as it Network of the Year in 2004. Network of the Year is judged in four categories: Net growth (business wins and substantial organic account expansion/contraction); agency management (hires, restructures, substantial new initiatives, operational or strategic change); creative quality (both excellence in traditional creative and creative innovation, such as new ways agencies have engaged consumers); marketing effectiveness (achieving substantive measurable results for clients).