DMGT plans to lose 100 staff as virus crisis takes its toll on newspaper sector
◆ The publisher of the Daily Mail and Mail on Sunday is to axe up to 100 jobs in the latest blow to the newspaper industry, writes Michael O’Dywer.
Daily Mail and General Trust, which also owns MailOnline, Metro and The i, has begun consulting with staff over cuts to both editorial and commercial roles, The Guardian reported.
Most of the cuts are expected to be made in the commercial division. It is not known how many of the 100 people whose roles are at risk will go.
The Mail on Sunday’s Event magazine will not return as a standalone product after printing was halted during the pandemic. The cull is the latest in a string of job cuts in the media industry, which has suffered a steep fall in sales and advertising revenue. The whole industry has suffered but revenues at publishers with online subscriptions have been more robust.
DMGT’s print advertising revenues fell 69pc in the second quarter while digital revenues also fell despite a rise in readership at MailOnline. DMGT declined to comment.