ITV are reportedly looking to recruit former Channel 5 and Sky chief Dawn Airey who, as previously reported, recently quit her last job, running new multi-media company Iostar, after just eight days, saying that she had been misled about the nature of that company and their funding. Word has it ITV chairman Michael Grade thinks Airey would bring the right kind of fresh ideas to his company to help him in his bid to turn round the commercial broadcaster's fortunes.
Iostar, meanwhile, has called in the receivers following Airey's high profile departure. They announced earlier this week: "The board of Iostar has considered a number of options to continue the business according to a revised business plan following its funding difficulties and the resignation of its chief executive. However, it has not proved possible to implement such plans in the time available to the board having regard to the current financial position of the company. Accordingly, the directors have seen no alternative but to take immediate action to place the company into liquidation".