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

Pepsi destroys London in viral prank

Pepsi destroys London in viral prank

Taking the ordinary and making it extraordinary gets our vote every time. And it doesn't get more ordinary than a bus stop, and more extraordinary than an alien invasion. The Pepsi prank is the best big brand stunt we saw today, but only because McDonald's didn't think of producing a Big Mac slanket. A missed opportunity.

Share
Daily Mail's financial update confirms tough press market

Daily Mail's financial update confirms tough press market

The UK's press market has had another tough trading start to the year, with widespread falls in print circulations and advertising spend, as typified in a financial update by the Daily Mail & General Trust today.

Share
My Media Week: Karen Stacey

My Media Week: Karen Stacey

Karen Stacey has just about got her feet under the desk as chief executive of Digital Cinema Media (DCM), when Camelot briefs a last-minute campaign due on screen in less than 24 hours.

Share

Get news by email