Russia has discovered a thirst for beer, which was scarce during Soviet times, and the thirst is so strong that politicians and church leaders are concerned the country is drinking itself into a problem. To stem some of the social ills seen as related to beer, Russia's parliament has enacted the toughest restrictions on beer marketing in Europe, proposing to make ads illegal on TV between 7 a.m. and 10 p.m. and making advertising illegal within 100 yards of hospitals, schools, sports venues and cultural institutions.
In a Washington Monthly article, Ted Turner lambastes big media, arguing media consolidation will stifle diversity and result in lower-quality programming. Some in the industry see the article as further evidence of Turner's dissatisfaction with Time Warner. Although the article doesn't mention Time Warner specifically, corporate governance experts say the article could be construed as a breach of boardroom etiquette.
Google's IPO will probably not hit the market next week as the company and Wall Street try to iron out the snags in the IPO's nontraditional auction process. Analysts remain upbeat about the IPO occurring soon.
Vonage is contacting agencies for its marketing duties, an account thought to be worth between $50 million and $75 million. Responses from the 20 agencies the company said it contacted are due by the end of the month.