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

Deputy editor Janine Gibson to leave the Guardian after 17 years

Deputy editor Janine Gibson to leave the Guardian after 17 years

Janine Gibson, editor-in-chief of the Guardian website and a deputy editor of Guardian News & Media, is leaving the publisher after 17 years, following her failed bid to replace outgoing editor-in-chief Alan Rusbridger.

Share
Tango returns to advertising after two years with off-brand TV ad

Tango returns to advertising after two years with off-brand TV ad

Tango has returned to advertising after a two-year hiatus on Saturday with a deliberately sappy and off-brand TV spot.

Share
Pimm's launches weather activated OOH campaign

Pimm's launches weather activated OOH campaign

Diageo, the drinks giant, has launched a digital out-of-home campaign for Pimm's, which will activate when the weather reaches a temperature of 21 degrees.

Share

Get news by email