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KMART, TBWA SETTLE PAYMENT DISPUTE

Troubled Retailer and Agency to Split $5.4 Million

Published on .

NEW YORK (AdAge.com) -- Kmart Corp. and its ad agency, Omnicom Group's TBWA/Chiat/Day, New York, settled a dispute involving $5.4 million in media payments, according to bankruptcy-court documents filed in Chicago.
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Under the agreement, TBWA/Chiat/Day will pay Kmart $2.7 million and keep $2.7 million to offset media and other moneys owed by Kmart.

Additionally, TBWA/Chiat/Day will continue a claim for $1.7 million from Kmart due for other expenses.

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