Best of the Week: Sorrell is a unicorn no longer; and Facebook pulled the rug on news again

Welcome to Best of the Week, mostly written on a gloomy, drizzly Friday in Sisters Beach, Tasmania, and polished off early this morning. Today’s writing soundtrack – The Doors – seems weather appropriate.

Happy Hot Enough For Ya Day. I think we can safely say that’s an event targeting the northern hemisphere.

Sorrell’s stall

There’s been a lot going on this week, not least the beginning of the financial reporting season.

Having watched Sir Martin Sorrell – boss of S4 Capital and founder of WPP – on stage in London earlier this month, I thought I knew what to expect. His prediction was that the holding companies would report a decent set of numbers up to this point, but would flag that the going is getting worse.