A media company with a solid yield: WPP AUNZ

Mike Connaghan is the CEO of WPP AUNZ which is part of the WPP global group that was started by Sir Martin Sorrell. It has 80 companies in Australia and it’s been around a long time. It used to be John Singleton’s business which was eventually merged with the local WPP businesses and is 60% owned by WPP so it’s a part of the global group, the world’s largest media advertising communications business. WPP also yields more than 7% fully franked, so Alan Kohler spoke to Mike to find out more about the company.

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