Real Media joins sales teams and cuts head count

<p>HONG KONG: The PubliGroup's online advertising network Real Media </p><p>has merged its sales operations with its parent company, citing the </p><p>business slowdown. </p><p><BR><BR> </p><p>The move has resulted in the layoff of 30 per cent of Real Media staff </p><p>from its regional head office in Hong Kong, with all the redundancies in </p><p>ad sales. </p><p><BR><BR> </p><p>Patty Keung, managing director of Real Media, said the Singapore </p><p>operations were not affected by the layoffs. "The online ad market is </p><p>depressed and there is just not enough business. Our parent company is </p><p>very strong in print and it makes sense to merge the sales operations." </p><p><BR><BR> </p>

by | 10/26/2001