Thursday, 13 November 2008

"The great disappearing ad revenue and headcount adventure - Part 2"

It didn't take as long as I thought it would do for "TGDARAHA" to return, a matter of only 45 minutes.....

Haymarket has just cut 50 jobs across the business.

Though in better news for staff, mediaguardian is reporting that NI has rebuffed a truce offer from DMGT over the London freesheet wars. Any truce would undoubtedly have led to further job losses.

This said, given how bad the ad market is for paid titles, let alone free newspapers, it can only be a matter of time before there is some sort of consolidation or deal between NI and DMGT. Can't it?

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