IPC Media boss Sylvia Auton to step down

Sylvia Auton, the boss of IPC Media, is to step down next month as chairman and chief executive at Britain's biggest magazine publisher. She has worked at the group which owns 'NME' and 'Country Life' for 36 years.

Its American parent company Time Warner is anxious to reduce costs and is cutting 150 jobs in the UK as it spins off its magazines.