DMGT plans to lose 100 staff as virus cri­sis takes its toll on news­pa­per sec­tor

The Daily Telegraph - Business - - Business -

◆ 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.

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