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Daily Mail to cut jobs as advertising revenue continues to fall

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Daily Mail and General Trust (DMGT) has announced that it is to cut up to 1,000 jobs, as the advertising downturn continues to affect its newspapers. The majority of the job cuts will be at its regional arm Northcliffe Media, which publishes over 100 newspapers for the Midlands and South East of England.

The job losses are nearly double what DMGT estimated in November, saying that it had been a “difficult quarter” and that they expect a “substantial fall” in profits for the first half of 2009.

The company said that most of the job cuts have already been implemented and that further cost cutting plans were to take effect in all of its departments, including the Daily Mail and Metro offices. The DMGT also stated that it expects its advertising revenue for the first quarter of this year to be down by 24%.

4 Comments

  • Oh dear more jobs going, its not looking good
    Jim wrote on 24th March 2009
  • doesn’t sound good, and it just adds to the poor state we are in anyway
    lloyd wrote on 31st March 2009
  • there’s so many agency’s that will send you press releases now I think that news papers could be run on minimal staff
    Remy Z wrote on 3rd April 2009
  • The bottom line is that to advetise in newspapers is EXPENSIVE bring down your advert rates by a least 30% plus and buisness will spend. This will protect jobs in the industry,also do deals with the unions to keep wages at a level which will allow profit for the owners. Problem solved.
    David Heaney wrote on 8th October 2011

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