Airey quits Iostar after eight days

Former Sky boss Dawn Airey is quitting her new job just eight days after starting, which can't be good for Iostar, the new multi-media company she was meant to be running. Airey says that she was seriously misled about the new company's funding, and that once she found out more about how the company plans to achieve its objectives she decided it was not an organisation she wanted to bother herself with. The Guardian quote a 'source close to Airey' thus: "Just two days after taking up her position, she found that the funding arrangements were not what she was led to believe. She takes the view that it's better to bring early closure to this and to move on rather than to stick with something that's very different from her expectations". Whether Airey's quick exit will have a negative impact on the company - which counts a number of other high profile and successful media execs on its board - remains to be seen.