Telegraph Slashes Jobs For Seven-Day Format
The Telegraph Media Group is to cut 80 jobs as it merges the Daily and Sunday Telegraph newspapers into a seven-day operation, it has been confirmed.
Some 14% of editorial jobs will go from the staff base of 550 posts.
However the restructure of the two newspapers will see the creation of 50 digital content roles within six months.
Chief executive Murdoch MacLennan sent a letter to staff on Tuesday morning revealing details of the new structure.
He said: "We must move now to complete our transition to a digital business.
"To do that we need to invest significantly and I am today announcing an £8m investment in our digital future, our number one priority."
Mr MacLennan also told workers: "We are also going to have to restructure our editorial operation to produce a root and branch change in the way we function.
"To this end, it will be merged into one unified operation, serving digital and print products on a 24/7 basis."
The newspaper industry has struggled to maintain print circulation as news consumers increasingly seek online product.
Advertising rates have also plummeted in recent months, increasing pressure on overhead cost-cutting at the two newspapers.
A source at the Telegraph Group told Sky News: "There is going to be a major change on the editorial floor because of the pressure on print.
"It is still uncertain who exactly is going to be in the firing line."
Sky sources have revealed that the decision on specific job cuts will be made next week.
:: The Daily Telegraph has been published in print form since 1855 and the Sunday stablemate was established in 1961.
what do you think?
They tried this some years ago,and it didn't work, partly because of the problem of content for the Sunday paper as having one editorial team meant that all the most important material went into the Saturday, rather than having a separate team handling different material for Sunday.
What do you know?
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Facebook User it would appear more than you
Newspapers are on the way out anyway. Too expensive and too filled with non-fact