Airey to Leave Five Once Again As Desmond Gets Set to Wield Axe

The Scotsman › August 12, 2010

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Summary

CHANNEL Five stands to lose more than a quarter of its staff, including chief executive and chairman Dawn Airey, amid a major shake-up ordered by new owner Richard Desmond.

The media mogul, who bought Five for GBP103.5 million last month, is taking an axe to the channel's workforce as part of a "cost efficiency" programme intended to return it to profitability.

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Extract

Airey to Leave Five Once Again As Desmond Gets Set to Wield Axe

Airey will stay on for several months to kick-start the cost drive but is expected to move to a senior management role at Five's former owner, R...

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