Verghese quits TPL, back to Asian Bridge

Mr Vijay Verghese has re-acquired Holiday Asia from TPL Corporation and is running the publication under his own company, Asian Bridge Media. The move also means that Mr Verghese has quit as TPL's group publisher and editor-in-chief. Mr Verghese joined TPL last August when it acquired Holiday Asia, where he was also tasked with overseeing Asian Business and the travel title, Travel News Asia (which was shut down last December, barely two months after being relaunched). Asian Business and Holiday Asia have been more successful, however, with Mr Verghese citing a sharp rise in revenue for Asian Business, which was relaunched with a fresh design and editorial focus last year. Nonetheless, Mr Verghese said he did not have enough time to work on two titles simultaneously. "Asian Business has taken up a lot of my time but it has taken off. The March revenue, for example, was 93 per cent up on February," he told MEDIA. "I have come to the point where I believe that I need to spend more time with Holiday Asia because I think the consumer travel market has come of age and this is why I have re-acquired it."

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