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Madrid's El Pais Cuts Staff, Pay; Sees Digital Future
- The Guardian , Saturday, October 6, 2012 8:02 AM
The daily that claims to have the largest circulation in Spain, is cutting pay and reducing editorial staff because of a serious drop in revenue. Juan Luis Cebrián, president of the owning conglomerate, PRISA, said the measures are essential to ensure the viability of the company in the face of a contraction of advertising income. El País's editor, Javier Moreno, also spoke of the future of newspapers necessarily involving a radical digital transformation.
