News Brief
24/7 Media COO, President Steps Down
Mar 27, 2001, 12:00 AM
Online advertising company 24/7 Media Inc. said Monday President and Chief Operating Officer Tom Detmer has stepped down and will resume his position as general manager of the company's email service business, Exactis. The move comes less than a week after 24/7 Media said its fourth quarter loss widened sharply and warned of slower growth in coming quarters amid a weak advertising market and slowing economy.
CEO David Moore will assume Detmer's responsibilities until a permanent replacement has been named, the company said in a statement. 24/7 Media said recently it is still looking for financing to help it reach break even targets in addition to the equity credit line it recently received for up to $50 million over two years.
- Anya Khait
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