Elstein quits C5 and gets a £5m payout

David Elstein, the controversial chief executive of Channel 5, is to quit the station after a year spent combating criticism of the network's sleazy image. His "golden goodbye", including share options, is estimated at up to £5m.

David Elstein, the controversial chief executive of Channel 5, is to quit the station after a year spent combating criticism of the network's sleazy image. His "golden goodbye", including share options, is estimated at up to £5m.

Mr Elstein's job will go to the programme director Dawn Airey, who will also keep her current role. The promotion makes her one of the most powerful women in British television.

Mr Elstein,branded the "pornographer in chief", hasbeen an astute businessman, taking Channel 5's audience share to 6 per cent, exceeding all targets. But insiders had been predicting he would leave after the Luxembourg-based company RTL became the majority shareholder earlier this year. RTL insiders made clear their preference for Ms Airey.

Start your day with The Independent, sign up for daily news emails
Have you tried new the Independent Digital Edition apps?
News
ebooksAn unforgettable anthology of contemporary reportage
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

iJobs Job Widget
iJobs Media

Guru Careers: Research Analyst / Business Insight Analyst

£32 - £37K + extensive benefits: Guru Careers: Research Analyst / Business Ins...

Guru Careers: Junior Designer / Design Graduate

£18 - 20k: Guru Careers: We are seeking a Junior Designer / Design Graduate to...

Guru Careers: Project Manager

£30 - 40k (DOE): Guru Careers: A Project Manager is needed to join a leading s...

Guru Careers: Creative Artworker

£20 - 25k (DOE): Guru Careers: A Creative Artworker is needed to join a highly...

Day In a Page

On your feet! Spending at least two hours a day standing reduces the risk of heart attacks, cancer and diabetes, according to new research

On your feet!

Spending half the day standing 'reduces risk of heart attacks and cancer'
Liverpool close in on Milner signing

Liverpool close in on Milner signing

Reds baulk at Christian Benteke £32.5m release clause
With scores of surgeries closing, what hope is there for the David Cameron's promise of 5,000 more GPs and a 24/7 NHS?

The big NHS question

Why are there so few new GPs when so many want to study medicine?
Big knickers are back: Thongs ain't what they used to be

Thongs ain't what they used to be

Big knickers are back
Thurston Moore interview

Thurston Moore interview

On living in London, Sonic Youth and musical memoirs
In full bloom

In full bloom

Floral print womenswear
From leading man to Elephant Man, Bradley Cooper is terrific

From leading man to Elephant Man

Bradley Cooper is terrific
In this the person to restore our trust in the banks?

In this the person to restore our trust in the banks?

Dame Colette Bowe - interview
When do the creative juices dry up?

When do the creative juices dry up?

David Lodge thinks he knows
The 'Cher moment' happening across fashion just now

Fashion's Cher moment

Ageing beauty will always be more classy than all that booty
Thousands of teenage girls enduring debilitating illnesses after routine school cancer vaccination

Health fears over school cancer jab

Shock new Freedom of Information figures show how thousands of girls have suffered serious symptoms after routine HPV injection
Fifa President Sepp Blatter warns his opponents: 'I forgive everyone, but I don't forget'

'I forgive everyone, but I don't forget'

Fifa president Sepp Blatter issues defiant warning to opponents
Extreme summer temperatures will soon cause deaths of up to 1,700 more Britons a year, says government report

Weather warning

Extreme summer temperatures will soon cause deaths of up to 1,700 more Britons a year, says government report
LSD: Speaking to volunteer users of the drug as trials get underway to see if it cures depression and addiction

High hopes for LSD

Meet the volunteer users helping to see if it cures depression and addiction
German soldier who died fighting for UK in Battle of Waterloo should be removed from museum display and given dignified funeral, say historians

Saving Private Brandt

A Belgian museum's display of the skeleton of a soldier killed at Waterloo prompts calls for him to be given a dignified funeral