Telegraph owner poised to make newsroom job cuts in investment promise U-turn
Source: The Guardian ·
Exclusive: German media group Axel Springer said to be planning between 50 and 100 editorial redundanciesThe new owner of the Telegraph is preparing to make significant job cuts to its newsroom, just months after stating it would invest in the title to make it the “leading centre-right media outlet in the English-speaking world”.Axel Springer, the German media company overseen by its billionaire…
From the source
The new owner of the Telegraph is preparing to make significant job cuts to its newsroom, just months after stating it would invest in the title to make it the “leading centre-right media outlet in the English-speaking world”. Axel Springer, the German media company overseen by its billionaire chief executive, Mathias Döpfner, is understood to be examining proposals that would make between 50 and 100 journalists redundant. A source familiar with the plans said a forthcoming consultation was likely to propose cutting a “significant proportion” of editorial staff, possibly before Christmas. They said such proposals called into question Axel Springer’s promise to “back an investment programme in [the Telegraph Media Group] to grow and expand the business”. A spokesperson for the Telegraph Media Group declined to comment. No redundancies have been announced to staff so far. It would mark the first big intervention by Axel Springer since its £575m purchase of the Telegraph earlier this…