Airey called a meeting yesterday (27 October) to discuss the need for a "root and branch review" of Five. The RTL Group-owned broadcaster is to appoint a consultancy to direct the review.
A Five spokesperson said: "Five is to conduct a review of its structures and processes, in conjunction with a business consulting firm, to reduce costs and deliver the best possible value to both our shareholders and viewers."
It is thought that Airey announced her vision yesterday for the broadcaster's assets - Five, Fiver and Five US - and has a raft of initiatives planned.
Before Airey's arrival, Mark White, executive director of sales, had been acting as interim chief executive. He has now returned to his former commercial role, although it remains unclear as to whether he will be promoted or given a new job title.
Should Five make redundancies, it would follow both ITV and Channel 4, who have both announced job cuts in recent weeks. Earlier this month, ITV announced plans to axe 1,000 roles across regional news, non-programming and IT staff.
Meanwhile, Channel 4 has announced plans to save £100m from its business over the next two years. As part of this it has axed its digital radio plans, closed its third-party digital sales arm 4DS, and, unveiled a restructure of its marketing department.
.jpg)
.jpg)