24/7 Media Closes Doors

Online sales house 24/7 Media Europe was wound up yesterday with the loss of 30 jobs. Reports suggest that chief operating officer Carl White was in talks with potential backers up until Sunday night, after the company’s US parent pulled funding a month ago. When these talks fell through, immediate closure was the only option, and the staff, who had handled media sales for sites including handbag.com, felt the sharp end of the dotcom decline.

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