Emap Chief's Departure Opens Bid Doors

21 May 2007

LONDON: Ailing UK media group Emap has parted company with its ceo Tom Moloney, reportedly for taking too long to implement restructuring. Chairman Alan Cathcart is assuming ceo duties pending the appointment of a permanent successor.

Moloney's sudden departure, by "mutual agreement" after four years in the role, has started takeover tongues wagging as the magazine and radio business struggles to increase revenue streams amid a weaker advertising market.

Data sourced from Telegraph.co.uk; additional content by WARC staff