Evening Standard to Cut One-Third of Staff as Covid-19 Hits Advertising

Posted

The Evening Standard is to sack a third of its employees, as the London freesheet seeks a dramatic reduction in costs to survive the coronavirus pandemic.

The newspaper has been hit particularly hard by the 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 crisis, running up losses of £40m over the last three years.

Click here to read more.

Comments

No comments on this story | Please log in to comment by clicking here
Please log in or register to add your comment