The owner of the Daily Mail is considering a string of asset sales and potential restructuring options, after more than axing 400 jobs to protect its profitability.
Daily Mail & General Trust (DMGT), which is listed on the stock exchange but controlled by the Harmsworth dynasty led by Lord Rothermere, said it had almost completed the job cuts, which include around 200 within DMG Media, the division that includes the Daily Mail.
Stephen Daintith, DMGTs chief financial officer, said the cuts had affected mostly back office and commercial functions such as marketing and advertising sales. The number of redundancies in editorial was not significant, he said.
DMGT is seeking to preserve its profit margins as a new management team attempt…
Read the full article at: http://www.telegraph.co.uk/business/2016/09/29/daily-mail-owner-cuts-400-jobs-as-it-prepares-for-50m-restructur/