Friday, January 30, 2009

More Cuts From News Int, Trinity Mirror, Metro As Newspaper Biz Faces Leaner Future

As soon as newspapers stop laying off staff and cutting costs, we’ll stop writing about what appears to be the interminable decline of the printed press. Staff at News International and Trinity Mirror (LSE: TNI) today both learned of proposed editorial redundancies—and when relatively profitable groups like NI are making large savings, you know it’s down to more than just a cyclical downturn in print advertising, as is often claimed by industry chiefs.

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