Carlton and Sainsbury's have pulled the plug on their £10
million joint venture Taste Network.
The decision follows poorer-than-expected revenues from advertising and
e-commerce, and a spokeswoman from Carlton confirmed that 20 jobs will
be lost.
The food and drink network brought together Sainsbury's and Carlton's
food web sites at taste.co.uk. Carlton's Food Network television channel
was rebranded TasteTV.
From 1 September, Sainsbury's will resume control of the web-based
recipe and wine assets, and Carlton will take control of the Carlton
Food Network. The taste.co.uk web site will be closed down.
Carlton said that all senior management will be absorbed back into roles
at Sainsbury's or Carlton. Chief executive Antony Ellis, who joined the
company from WPP-owned Clever Media (now renamed Enterprise XP), will be
retained.
"Antony will stay on to undertake a review of the Carlton Food Network
and to oversee the transfer of staff back to the two companies," said
the spokeswoman for Carlton.