MarketingVOX: The Voice of Online Marketing | MEDIA KIT | NEWS TIPS

Still Another Mitsubishi Ad Exec Out, as Account Shrinks Further

Mitsu.gif
Can you hand-
dance to that?

Observers can almost hear the "Pop Goes the Monkey" music, to which the Mitsubishi marketing department is apparently set. AdAge counts yet another ad head leaving, this one lasting four months, not even as long as the last one (six months). Three other marketing executives jumped since CEO Finbarr O'Neill left in January. Mitsubishi - the first automaker to harbor great online media ambitions - will now spend $50 million less on advertising, down to about $150 million, which will preclude a push for the troubled carmaker's new launch of the Eclipse that is slated to bow next month.

BBDO Los Angeles proved the lucky winner in an agency review in march, although AdAge reports it hasn't yet signed a contract. The account assignment includes local and national creative duties.

Mitsubishi was the first automotive company to take the Internet seriously as a medium that could handle TV-class billings. Those initial efforts that first showed up online a year and a half a go coincided - hopefully without causality - with a dramatic business decline that continues today.

Related Topics

ad buying & planning
signs of doom
people
major brands
automotive
major account moves
top stories

Search

VideoEgg
sponsor
E-Mail This Story email this story «
Related Stories: - Mitsubishi Pins Rally Car Hopes Online - Yawn, Another Mitsubishi Ad Exec Departs - Some Mitsubishi Dealers Regret Review, Urge Cancellation - Mitsubishi, in Sales Trouble, Dumps Pro-Online Marketing Head - Yawn, Another Mitsubishi Ad Exec Departs - Mitsubishi to Move $260MM Budget Off TV

Subscribe to MarketingVOX|News

MARKETING JOBS