Outlook: It's been a pleasure working for you ...

A letter from David Arculus, who resigned abruptly as chief operating officer at United News and Media yesterday, to an old chum at the top international headhunting firm of Lewis, Banger and Ratheon, appears bizarrely to have been misdirected and as a consequence has turned up in the Independent's postbag. In the interests of transparency, we here reproduce it. "Dear Sir D ... [name withheld to protect confidentiality],

Chrysalis is outbid by rivals in battle for Melody Radio

The auction for Melody Radio has turned into a two-horse race between Scottish Radio and Emap. Chrysalis, the media programmer chaired by entrepreneur Chris Wright, has lost out in the battle for the easy listening station.

Rugby league; Tournoi and travel plans broaden horizons

The two factions expected to come to blows over the future of the game in Britain have both broadened their horizons with initiatives the value of which not even the other side could doubt.

GWR drops out of Melody Radio auction as sale price reaches pounds 25m

GWR, the radio group, has pulled out of the bidding for Melody Radio after the auction for the "easy listening" station pushed its sale price up to pounds 25m - at least pounds 5m more than most analysts had expected it to fetch.

Emap set to create new television channel

Emap, the publishing and information group, is expected to announce within days the development of a new television channel called Magic. The venture signals the company's determination to expand its television interests.

Investment Column: Emap could hit problems

Its been a bit quieter at Emap since its recent boardroom spat, but things have been bubbling away in the background, as yesterday's pounds 85m acquisition of Macmillan Magazines' health services division indicated. Through the deal, Emap has inherited six well-known trade titles, including Nursing Times and Health Services Journal, and analysts are confident that Emap will be able to make cost-savings of up to pounds 1m on the business, which made operating profits of pounds 8.4m last year.

Good to talk, better to read

Newsstand

Emap in talks with Virgin on TV link-up

Emap, the media and exhibitions group, is in talks with Richard Branson's Virgin Century Television about forming a partnership to expand its television interests. The deal would see Emap developing an array of programmes in-house which Virgin Century's chief executive, Jeremy Fox, would sell in the UK and abroad.

Smaller Companies: Adscene's bad news is over

Adscene, the free sheet and paid-for newspaper publisher and printer, produced weak preliminary results last week, writes Richard Phillips. Sales up pounds 6.2m to pounds 55.6m left operating profit unchanged at pounds 6m after an exceptional charge of pounds 800,000, while pre-tax profit fell to pounds 4.8m (pounds 5.1m). Earnings per share fell to 9.5p from 15p.

The Investment Column: Paper prices cut Smurfit's profits

Jefferson Smurfit, the world's largest maker of cardboard boxes, has been through the mill (so to speak) over the past two years or so. It is less than 18 months since the paper group was hailing its 1995 profits as the biggest ever made by an Irish company, but even then it was recognising that the seeds of its own nemesis were being sown in the form of collapsing prices in an over-supplied market.

Emap warns shareholders of sterling hit

Emap's French earnings will be hit by the strong pound, chairman Sir John Hoskyns warned shareholders at the company's 50th annual general meeting. He said: "Today, sterling is 20 per cent stronger against the French franc than the average rate over the last financial year. Our financing structures will continue to provide some hedge against this, but there will, nevertheless, be an effect on the sterling value of our French earnings."

CV: MIKE SOUTAR Managing director, Kiss FM

`I WENT ON A CAMPAIGN OF TELLING EVERYONE IN THE BUILDING HOW BRILLIANT I'D BE AS EDITOR. I THINK THEY GAVE ME IT IN THE END BECAUSE THEY FELT SORRY FOR ME'

Emap puts 'for sale' sign over magazines

Emap is hoping soon to clinch the sale of several of its business, following approaches from a prospective purchaser, writes Cathy Newman. According to an internal memo, Emap's decision to put a package of around 14 titles up for sale is part of a "strategic move to focus investment within fewer, bigger markets".

The Investment Column: Emap set on its spending spree

Emap, the magazines to radio group, has managed to shrug off last year's boardroom bust-ups to emerge once more as a City darling. Yesterday's pre-tax profits of pounds 121.1m for the year to March beat analysts' forecasts - which ranged from pounds 110m to pounds 120m - and were up an impressive 40 per cent on last year's pounds 86.5m.

`B' is for beautiful

Out with ladettes, femininity is back in a new magazine for teenagers.
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Independent Travel
Pompeii, Capri & the Bay of Naples
Dubrovnik, the Dalmatian Coast & Montenegro
Burgundy, the River Rhone & Provence
Lisbon, Oporto and the Douro Valley
Lake Garda, Venice & Verona
Spain
Prices correct as of 23 January 2015
Isis hostage crisis: The prisoner swap has only one purpose for the militants - recognition its Islamic State exists and that foreign nations acknowledge its power

Isis hostage crisis

The prisoner swap has only one purpose for the militants - recognition its Islamic State exists and that foreign nations acknowledge its power, says Robert Fisk
Missing salvage expert who found $50m of sunken treasure before disappearing, tracked down at last

The runaway buccaneers and the ship full of gold

Salvage expert Tommy Thompson found sunken treasure worth millions. Then he vanished... until now
Homeless Veterans appeal: ‘If you’re hard on the world you are hard on yourself’

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Maverick artist Grayson Perry backs our campaign
Assisted Dying Bill: I want to be able to decide about my own death - I want to have control of my life

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This week the Assisted Dying Bill is debated in the Lords. Virginia Ironside, who has already made plans for her own self-deliverance, argues that it's time we allowed people a humane, compassionate death
Move over, kale - cabbage is the new rising star

Cabbage is king again

Sophie Morris banishes thoughts of soggy school dinners and turns over a new leaf
11 best winter skin treats

Give your moisturiser a helping hand: 11 best winter skin treats

Get an extra boost of nourishment from one of these hard-working products
Paul Scholes column: The more Jose Mourinho attempts to influence match officials, the more they are likely to ignore him

Paul Scholes column

The more Jose Mourinho attempts to influence match officials, the more they are likely to ignore him
Frank Warren column: No cigar, but pots of money: here come the Cubans

Frank Warren's Ringside

No cigar, but pots of money: here come the Cubans
Isis hostage crisis: Militant group stands strong as its numerous enemies fail to find a common plan to defeat it

Isis stands strong as its numerous enemies fail to find a common plan to defeat it

The jihadis are being squeezed militarily and economically, but there is no sign of an implosion, says Patrick Cockburn
Virtual reality thrusts viewers into the frontline of global events - and puts film-goers at the heart of the action

Virtual reality: Seeing is believing

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Homeless Veterans appeal: MP says Coalition ‘not doing enough’

Homeless Veterans appeal

MP says Coalition ‘not doing enough’ to help
Larry David, Steve Coogan and other comedians share stories of depression in new documentary

Comedians share stories of depression

The director of the new documentary, Kevin Pollak, tells Jessica Barrett how he got them to talk
Has The Archers lost the plot with it's spicy storylines?

Has The Archers lost the plot?

A growing number of listeners are voicing their discontent over the rural soap's spicy storylines; so loudly that even the BBC's director-general seems worried, says Simon Kelner
English Heritage adds 14 post-war office buildings to its protected lists

14 office buildings added to protected lists

Christopher Beanland explores the underrated appeal of these palaces of pen-pushing
Human skull discovery in Israel proves humans lived side-by-side with Neanderthals

Human skull discovery in Israel proves humans lived side-by-side with Neanderthals

Scientists unearthed the cranial fragments from Manot Cave in West Galilee