Shares fall two per cent on rumour that retailer’s boss could become ITV’s chief exec
HMV CEO Simon Fox could be set to leave the retailer to become the new boss of ITV, according to reports.
According to The FT, HMV shares fell more than two per cent yesterday as the City digested the news.
Fox, 48, took the top job at HMV in 2006, and has been instrumental in a major turnaround for the chain – from suffering ‘very tough conditions’ to achieving impressive annual profits during a recession.
ITV has suffered from dramatic decline in recent years. The firm posted a £2.7bn annual loss for 2008 in March.
Chief exec Michael Grade quit a month later after cutting 1,600 jobs.
Advertisement
MCV has contacted HMV for comment.
Comments
Title
HMV CEO 'Fox-off'...call me a simpleton, but I enjoyed that.
lol
...yeah... Me too xD
Online Pharmacy best pills dfg
http://confluence.public.thoughtworks.org/display/~buy-xanax-no-rx - xanax http://confluence.public.thoughtworks.org/display/~buy-tramadol-no-rx - tramadol http://confluence.public.thoughtworks.org/display/~buy-valium-online - valium http://cgi3.ebay.com/ws/eBayISAPI.dll?ViewUserPage&userid=buy-ambien-online-without-prescription-buy-ambien-10mg-5mg - ambien http://cgi3.ebay.com/ws/eBayISAPI.dll?ViewUserPage&userid=buy-xanax-online-buy-xanax-2mg-1mg - xanax http://cgi3.ebay.com/ws/eBayISAPI.dll?ViewUserPage&userid=buy-fioricet-online-without-prescription-buy-fioricet-cod - fioricet http://connections.blackboard.com/people/50273d6fc2 - tamiflu http://tapestry.formos.com/wiki/display/~buy-tamiflu-winthout-prescription - tamiflu http://boinc.vanderbilt.edu/CSB/view_profile.php?userid=5324 - ambien http://confluence.public.thoughtworks.org/display/~ativan4r5r - ativan http://confluence.public.thoughtworks.org/display/~buy-ambien-without-prescription - ambien
boiling creator sharpener products declares chhattisgarh jenny
Leave a Comment
HOT TOPICS
Microsoft hails its ‘killer weapon’ in battle with PS3 and Wii 79
The Producers pulls out of Trilogy partnership 31
Xbox Live class action begins 23
The Hut rebuffs AC2 date break claims 14
MW2 sales pass $550m worldwide 13
60% of UK 360s have failed 13
Xbox 360 ‘outselling PS3 3-to-1’ 9
Bayonetta nabs rare Edge 10/10 8
Facebook hitting PS3 today 8
War crimes in games are ‘astonishing’ 7
RELATED STORIES
HMV: 'We're replacing CDs with games' 15
Games spearhead HMV growth 1
HMV to ramp up commitment to Blu-Ray
Games overtaking music at HMV 3
HMV enjoys ‘best ever Christmas’ 1
HMV ‘deadly serious’ about games 1
HMV profits up 18.4% 1
Fox rules himself out of ITV race 1
HMV reveals sales rise 1
HMV unveils vision of retail's future
ABOUT US
MCV is the leading trade news and community site for all professionals working within the UK and international video games market. It reaches everyone from store manager to CEO, covering the entire industry. MCV is published by Intent Media, which specialises in entertainment, leisure and technology markets