Around 550 jobs are being axed at Daily Mirror and Daily Express newspaper publisher Reach as part of plans to slash costs. The group did not give details of where the job cuts would fall, though it confirmed plans for “more focused” editorial, advertising and central operations. “Structural change in the media sector has accelerated during the pandemic and this has resulted in increased adoption of our digital products,” Reach chief executive Jim Mullen said. “However, due to reduced advertising demand, we have not seen commensurate increases in digital revenue. Digital sales falls pared back to 4.9 per cent in June, while print revenues were down 26.7 per cent.

Source: The Irish Times July 07, 2020 07:18 UTC