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| Version 2 | Version 3 |
|---|---|
| Daily Mail group cuts 1,000 jobs | Daily Mail group cuts 1,000 jobs |
| (20 minutes later) | |
| The Daily Mail and General Trust (DMGT) is to cut 1,000 jobs as the advertising slump continues to hurt newspapers. | The Daily Mail and General Trust (DMGT) is to cut 1,000 jobs as the advertising slump continues to hurt newspapers. |
| The job cuts at its regional arm Northcliffe Media are more than double what it estimated last November, the media company said. | The job cuts at its regional arm Northcliffe Media are more than double what it estimated last November, the media company said. |
| Northcliffe Media publishes 113 papers in the Midlands and south of England, selling 4.1 million copies a week. | Northcliffe Media publishes 113 papers in the Midlands and south of England, selling 4.1 million copies a week. |
| It said it had a "difficult quarter" so far and expects a "substantial fall" in profits in the first half of 2009. | |
| The "vast majority" of the job cuts have already taken place or are currently under consultation, said a company spokesman. | The "vast majority" of the job cuts have already taken place or are currently under consultation, said a company spokesman. |
| Newspapers battered | Newspapers battered |
| The company said in its trading update that further costs were being cut in all departments at its newspaper division, which includes the Daily Mail and the Metro. | The company said in its trading update that further costs were being cut in all departments at its newspaper division, which includes the Daily Mail and the Metro. |
| The DMGT said the job cuts would result in exceptional operating costs of about £20m in the group's half year results to 29 March, to be announced in May. | The DMGT said the job cuts would result in exceptional operating costs of about £20m in the group's half year results to 29 March, to be announced in May. |
| The company said it expected advertising revenue at its newspapers during the three months to March to drop by an underlying 24%, and to fall at Northcliffe Media as a whole by 37%. | The company said it expected advertising revenue at its newspapers during the three months to March to drop by an underlying 24%, and to fall at Northcliffe Media as a whole by 37%. |
| The recession has hit advertisers and newspapers hard, with local publishers being especially affected. | The recession has hit advertisers and newspapers hard, with local publishers being especially affected. |
| Other jobs gone | Other jobs gone |
| Local newspaper group Archant, which owns the Eastern Daily Press and Evening News, said this month it is planning to cut 34 jobs in Norfolk. | Local newspaper group Archant, which owns the Eastern Daily Press and Evening News, said this month it is planning to cut 34 jobs in Norfolk. |
| The Financial Times last week told staff in a memo that it planned to streamline its editing staff and cut back from three editions per day to two. | The Financial Times last week told staff in a memo that it planned to streamline its editing staff and cut back from three editions per day to two. |
| And up to a quarter of 276 editorial staff at the Glasgow-based Daily Record and Sunday Mail newspapers are to lose their jobs under plans to merge their newsrooms. | And up to a quarter of 276 editorial staff at the Glasgow-based Daily Record and Sunday Mail newspapers are to lose their jobs under plans to merge their newsrooms. |
| The DMGT sold the London Evening Standard newspaper in January to Russian billionaire Alexander Lebedev for the sum of £1. | The DMGT sold the London Evening Standard newspaper in January to Russian billionaire Alexander Lebedev for the sum of £1. |