Job cuts to fall at The Sun after pre-tax losses triple

Redundancies are coming at the Sun in print and online after publisher News Group Newspapers more than tripled its pre-tax losses last year.

Staff were told this week of plans to “reduce complexity” in the editorial and commercial departments and have been asked to consider applying for voluntary redundancy.

The plans affect staff at the Sun, the Sun on Sunday and Sun Online, although it’s not yet clear how many job cuts will be made.

A News UK spokesperson said: “News UK is in the process of reviewing all areas of its businesses to ensure we are maximising resources and to enable future revenue growth.

“As part of this process, we need to reduce complexity and review all of our costs so that we can focus our investment on delivering high-quality editorial content to existing and new audiences.

“Staff at the Sun have been invited to apply for voluntary redundancy. We cannot comment any further at the current time.”

NGN more than tripled its pre-tax losses to £91.2m in 2018, according to accounts published in January.

Its turnover fell 5 per cent year-on-year to £401.4m in the year to 1 July 2018, with an adjusted operating loss of £64.6m, down from a £7.7m loss on the year before.

The publisher blamed the fall in turnover on the “continuing industry-wide decline in print newspaper circulation in the popular segment”.

But it pointed out that total advertising revenue for the year increased for the first time in seven years with continuing declines in print “more than offset by growth in digital advertising”.

The Sun has the largest monthly reach of any UK national newsbrand across print and online and remains the UK’s best-selling daily newspaper.

The Sun’s circulation has fallen 8 per cent in the past year to 1,371,194 and the Sun on Sunday has dropped 9 per cent to 1,137,105.

Picture: Reuters/Toby Melville 



Press Gazette's must-read weekly newsletter featuring interviews, data, insight and investigations.


7 thoughts on “Job cuts to fall at The Sun after pre-tax losses triple”

  1. There was very little sympathy for the thousands of craftspeople building the death star, when it was destroyed in „Return of the Jedi“.
    That‘s the price for working for the Dark Side.

  2. Phone hacking. The Sun Wot Won It. Will The Last Person To Leave Britain Please Switch Off The Light. This Is What Page 3 Will Look Like Under Labour. Gotcha. Freddie Starr Ate My Hamster. Annie Diamond’s baby. Bonkers Bruno. Paying Police Officers and Civil Servants for breach of Official Secrets Act. Ed Miliband Eating A Bacon Sandwich. The attacks on Corbyn. Islamophobia. Is Britain Being Run by A Gay Mafia? Fake Sheikh. It’s Official Straight Sex Can’t Give you Aid. Elton John and Rent Boys Allegation.

    I’ve got nothing to be ashamed of.

1 2 3 4

Leave a Reply

Your email address will not be published. Required fields are marked *