Reader's Digest ad director Flora MacMillan leaves after 22 years

LONDON - Reader's Digest's UK advertising director Flora MacMillan is one of nine staff to be made redundant at the publisher since the company's slide into administration last month.

Readers Digest: UK redundancies announced
Readers Digest: UK redundancies announced

MacMillan had been working at the original pocket-sized title since 1988.

The administrators for Reader’s Digest are in talks with potential buyers, understood to include the Budworth family, the owners of 125-year-old title The Lady.

The Lady’s owners refused to comment on reports that it was in the bidding, but did not deny the claims

Reader’s Digest UK arm had 117 staff prior to moving into administration.

Despite the uncertainties surrounding its future, the remaining team is working on its May issue and say that its April issue will be published in the second half of March.

Moore Stephens, the Reader’s Digest administrators, claim to have received approaches from 25 potential bidders.

The 70-year-old title went into administration in the UK on 17 February. Its US parent blamed the move on the UK pensions regulator turning down a rescue plan to resolve its pension liability.

Have your say...

Before commenting please read our rules for commenting on articles.

If you see a comment you find offensive, you can flag it as inappropriate. In the top right-hand corner of an individual comment, you will see 'flag as inappropriate'. Clicking this prompts us to review the comment. For further information see our rules for commenting on articles.

comments powered by Disqus
Media Week Jobs
Search for more media jobs

Latest

Omnicom reports 7% rise in pre-tax profit in Q2

Omnicom reports 7% rise in pre-tax profit in Q2

Omnicom Group, home to BBDO, DDB Worldwide and Omnicom Media Group, has reported a 7 per cent rise in pre-tax profits to $514.7 million for the second quarter, on the back of recovering ad markets and strong organic growth.

Share
Bloomberg appoints Matt Teeman as commercial director EMEA

Bloomberg appoints Matt Teeman as commercial director EMEA

Bloomberg Media has appointed former DMG Media and BBC Magazines leader Matt Teeman as its commercial director in Europe, Media East and Africa.

Share
CBS Outdoor acquires Van Wagner in $690m deal

CBS Outdoor acquires Van Wagner in $690m deal

Van Wagner, the outsize US poster company, has sold its billboard business to CBS Outdoor in a $690 million (£404 million) deal.

Share

Get news by email