Media
Emap shares rise as boss exits
Published Thursday, May 17 2007, 17:20 BST | By Joanne Oatts
Emap's chief executive Tom Moloney has resigned after 26 years at the firm.
The company says Moloney left by mutual agreement. Emap's non-executive chairman Alun Cathcart has stepped in until a permanent successor is hired.
As well as magazine titles like FHM and Heat, Emap brands include radio stations Kiss and Magic.
The announcement comes ahead of Emap's full-year results, to be released on Tuesday. In March this year the company predicted sales of its UK consumer magazines to have fallen by 2%.
The company says Moloney left by mutual agreement. Emap's non-executive chairman Alun Cathcart has stepped in until a permanent successor is hired.
As well as magazine titles like FHM and Heat, Emap brands include radio stations Kiss and Magic.
The announcement comes ahead of Emap's full-year results, to be released on Tuesday. In March this year the company predicted sales of its UK consumer magazines to have fallen by 2%.
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