True North Communications' board approved a one-year extension of Chairman-CEO Bruce Mason's contract, which was set to expire in June. The extension was agreed to last month at a board meeting in San Francisco and comes as Mr. Mason continues to talk with agencies and holding companies about business combinations with True North. Among those rumored to have talked with True North in recent months are Bozell and MacManus Group. True North executives would only say they are having many talks.
Copyright April 1997, Crain Communications Inc.