Tuesday 10 March 2009

Another day, another jobs disaster:150 jobs axed at MEN Media in Manchester

I've been working at Press Gazette today and covered the 150 redundancies, 78 of them journalists' jobs, by MEN Media in Manchester and the closure of all its weekly newspaper editorial offices.
Nearly half of the Manchester Evening News journalists, 39 out of 90, are to be made redundant and the paper is going to stop giving away so many free copies.
Guardian Media Group's regional division is expected to report profits down 85 per cent for 2008 to 2009 and to go into loss this year.
The business model for regional newspapers is not so much broken as smashed to pieces.
You can read the news story and NUJ reaction here and the management statement here.

No comments: