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Media Corp’s Eyeconomy subsidiary enters administration

18th December 2012 10:14 am GMT

Media Corporation has confirmed that it has placed its Eyeconomy media agency subsidiary into administration after deciding that it is no longer an appropriate fit with the ongoing strategic direction of the company.

Last week, Media Corp said that despite investing in an expanded sales team, revenues from Eyeconomy had softened due to tough trading conditions and strong competition in the media sector from larger competitors, with the business expected to make a loss for the [...]

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