The Business is parting company with its advertising chief David Walsh after less than a year.
Walsh, the former global advertising director for the Financial Times, is not believed to have a job to go to. He was appointed to head advertising sales at The Business, the weekly newspaper owned by the Barclay brothers, last August. The appointment followed the ending of an outsourced ad sales agreement with the Telegraph Group.
A spokeswoman for the newspaper says Walsh will not be replaced directly but that head of display Nick Chapman will take on more responsibilities.
Walsh joined the Financial Times as advertising director in January 1999 from the position of deputy director of advertising for The Times and Sunday Times at News International. He was given responsibility for FT.com sales in August 2000 and made worldwide ad director in June 2002 (MW June 12, 2002). However, this position was axed following a restructure in March 2003 (MW March 31, 2003).
The Business recently ended a distribution agreement with the Mail on Sunday, whereby it was bagged with the newspaper in London and the South-east. It now has an arrangement with regional publisher Newsquest to deliver 100,000 free copies to targeted London homes (MW April 1).
The newspaper, formerly The Sunday Business, relaunched in January 2002 as a single-section title.