Evening Standard to cut 115 jobs as Covid-19 hits advertising

Print edition of London paper will remain but focus will shift to digital and mobile platformsCoronavirus – latest updatesSee all our coronavirus coverageThe Evening Standard is to cut 115 jobs, a third of its staff, as the London freesheet seeks a dramatic reduction in costs to survive the coronavirus pandemic.The newspaper has been hit particularly hard by the coronavirus pandemic as it relies on advertising for 80% of its revenues. The Evening Standard was already struggling before advertisers pulled or froze their budgets during the pandemic, running up losses of £40m over the last three years. Continue reading... Continue reading at 'The Guardian'

[ The Guardian | 2020-08-07 10:58:35 UTC ]
News tagged with: #print edition #advertisers pulled #dramatic reduction #latest updatessee #mobile platformscoronavirus #london paper #evening standard #coronavirus pandemic

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