Parting of Ways at Medialink

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Medialink Worldwide has announced that it is parting ways with J. Graeme McWhirter, who co-founded the company nineteen years ago and, until December 31, 2005, was a director and executive vice-president. Medialink is the biggest producer of fake news products such as video news releases. Under the "separation agreement" with Medialink Worldwide, McWhirter will be paid $180,000 for consultancy services until July 1, 2006, and will receive a total severance payment of $1.5 million over the next five years.