Daily Mail owner to cut up to 100 jobs
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.
Daily Mail and General Trust (DMGT), which also owns MailOnline, Metro and the i, has begun consulting with staff over cuts to both editorial and commercial roles in its publishing division, 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 be made redundant.
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 during the pandemic.
The impact has been felt across the industry but revenues at publishers with online subscription models 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.
The Evening Standard last week revealed plans to sack 115 staff, including half its journalists as the steep fall in commuters hits the free newspaper’s business model.
The BBC is to cut more than 500 roles while The Guardian is letting 180 staff go, including 70 journalists. Reach, which owns the Daily Mirror and Daily Express, cut 550 jobs last month.
DMGT declined to comment.
