Summer on Radio 1

[E*F*4L]

i know you shouldn't be happy when people loose their jobs, but

Daily Mail group to cut 1,000 jobs :woot:

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LONDON (AFP) — The Daily Mail and General Trust (DMGT) media group said Monday it would cut 1,000 jobs this year, over twice as many as previously forecast.

The job reductions, the latest blow to the ailing media sector, will hit its regional arm, although further cuts are planned "across all cost categories" at Associated Newspapers, owner of the Daily Mail and Mail on Sunday.

While the mass-market Daily Mail is its biggest brand, the group owns some 113 daily, weekly and free regional newspapers including The Leicester Mercury, the Bristol Evening Post and the Derby Telegraph.

The 1,000 job cuts, over twice as many as forecast in November, come as advertising revenues continue to collapse as advertisements increasingly go online.

In the first quarter of 2009, Associated Newspapers forecast a 24-percent decline in ad income on 2008.

Job advertising is being hit hard as unemployment rises. "Recruitment revenues are still decreasing and we expect them to be down 55 percent for the quarter," the company warned.

Media groups were already having to fundamentally restructure due to rapidly evolving technologies, even before the credit crunch and the economic downturn hit their bottom line from last year.

The group agreed in January to sell a controlling stake in the debt-ridden London Evening Standard newspaper to Russian tycoon and former KGB agent Alexander Lebedev, for a symbolic one pound.

http://www.google.com/hostednews/afp/article/ALeqM5hS8UMBQLZ5I0ZeTbGxl11-_DUCjA

what a shame !

hope they go bankrupt, i will by it for a pound off them :hahaha:

[Emma]

Northcliffe will be spinning.

[Sam]

Aww cutting at Bristol Evening Post

[Guest]

Even though it's the Daily Mail I can't help but feel pity for those losing their jobs

[sebdevlin]

Loose: not fastened, restrained, or contained.

Lose: To cease to have, to possess no longer, to suffer diminution of.

Do we see the difference there.

Whilst I am not fan of the daily mail your celebration of people who lost there jobs is slighty immature.

[Jono]

Are you sure you're a middle aged man, Alan?

[DarkAngelMJH]

Even though it's the daily fail this totally sucks for them. You can bet it will be the people at the bottom that go and not the idiots that write the crap stories. Certainly no reason to celebrate

[Ad]

Alan,

Not a nice thing to say, considering it will effect their families etc. Despite it being not the best paper in the world, it seems unfair to celebrate job loses.

[E*F*4L]

hmmm, maybe i should explain myself.

my first post could have been worded much better in-retrospect.

i didn't mean it to look that i was celebrating people loosing their jobs, my post was aimed at the general situation the Daily Mail finds it's self in, it's loosing money because of falling advertising revenue due to the economy & falling readership due maybe to its outdated views, with this in mind the group that owns the Daily Mail could well be forced to sell & the issues we have may go away with new ownership.

im sure everyone here has a dislike the Daily Mail & would like to see it disappear, however this would of course lead to job losses which would be unfortunate for the people who work there & their family's, & i feel that i may have misrepresented myself, i of course feel sorry for the people who loose their jobs but im also mindful that the Daily Mail is in trouble.

to start saving some money maybe they could get rid of Piers Morgan ?