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Read this: Bloodbath on Five as Richard Desmond clears out seven directors | Media | The Guardian

Summary: Seven out of nine directors are leaving, including the chairman and chief executive Dawn Airey, as part of a 20m cost- cutting drive that will lead to between 60 and 80 job losses more than a quarter of about 300 employees. In the intervening period Desmond dispatched key lieutenants from his media company, Northern Shell, to conduct a root-and-branch review of Five, with cost-cutting top of the agenda. Here they are likely to share premises with Portland TV, Desmond's adult pay-TV business. - link

Bloodbath on Five as Richard Desmond cle…

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