Daily Mail Owner to Cut More Than 400 Jobs as it Battles ‘Challenging Market’

The owner of the Daily Mail is to cut more than 400 jobs and launch 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 £50m exceptional charge this year relating to the reorganisation of the business, more than triple the £15m it said it expected in May.

The company said that “just less than half” of the job cuts will come from its consumer division, DMG Media, which is the home of the Daily Mail, Mail on Sunday, Mail Online, freesheet Metro and US site Elite Daily.

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