NEWS Ailing UK cable firm Telewest has ousted CEO Adam Singer ahead of its second quarter results. A boardroom coup, engineered by the company's non-executive directors, forced Singer's resignation. Financial Director, Charles Burdick, will now assume the top job, His first task will be to set about restructuring Telewest's debts, which total £5.4bn. UPDATE: Telewest has reported a narrowing of losses for its second quarter - claiming growth in internet subscriptions and a cap on spending have helped it turn the first corner towards recovery. Losses were £73m - down from £207m this time last year. It is Telewest's 26th consecutive loss-making quarter.
UPDATED: Telewest dumps its CEO
Singer's got the blues...
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