Read this: Channel Five bloodbath as Richard Desmond culls seven directors | Media | guardian.co.uk
Summary: Channel Five is to lose seven of its nine executive board directors in a brutal management cull as new owner Richard Desmond looks to cut 20m from the business. Five staff were informed at a 10am meeting today of the changes, which will include a 20m cost-cutting drive and up to 80 job losses more than 25 of about 300 employees. Dawn Airey, the Five chairman and chief executive, will be among those leaving, as revealed by MediaGuardian.co.uk yesterday. - guardian.co.uk
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