Nearly 200 DMGT jobs axed in first two months of 2011

Daily Mail and General Trust has revealed that 188 jobs have been axed within the company during the first two months of 2011 alone, meaning 520 jobs have been cut in the five-month period leading up to February.

The majority of cuts were made at Northcliffe Media, with 317 roles being axed among the publisher’s regional titles. This, alongside the reports that the company has seen a three per cent dip in circulation revenues and an eight per cent drop in advertising in the same period of time, does not bode well for the regional arm of DMGT.

The trading update that reveals the cuts does however find a silver lining: DMGT as a whole saw revenue climb by two per cent on the previous year, a figure the publisher says is “satisfactory” given the economic climate it is operating in.

(Source: journalism.co.uk)

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