WebMD CEO Resigns, Sale Talks Terminated
WebMD Health Corp. said Chief Executive Wayne T. Gattinella resigned, and the health-website operator called off a search for a buyer as it braces for weaker financial results this year.
The New York-based company is feeling pressure as drug makers curb spending on marketing amid generic competition for major products. WebMD had a bumpy ride last year, lowering its financial expectations a couple of times as it dealt with customer-related delays and cancellations.
