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Daily Mail To Lay Off 400 Staff Due To Ad Slump

The owner of the Daily Mail has cut more than 400 jobs and launched a strategic review of its businesses as it continues to face a tough advertising market. Daily Mail & General Trust said that it will take a GBP50m exceptional charge this year relating to the reorganisation of the business, more than triple the GBP15m it said it expected in May.

Read the whole story at The Guardian »

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