Business magazine Music Week is now without any news reporters or a web editor following a round of redundancies.
The final two reporters on the music industry only trade title were made redundant last week, along with the online editor. A position on the sales team is also due to be made redundant as well as a database manager.
Last year, editor Martin Talbot left Music Week to become managing director of the Official Charts Company and was replaced by the then deputy editor Paul Williams.
In December, Music Week publisher Ajax Scott also left the title and two further redundancies were made, of one reporter and a database manager.
The new structure of the magazine means there will be five editors on the title: the editor, an associate editor plus editors for news, features and talent sections.
The ongoing shake-up has sparked renewed speculation it will be sold or closed. The title, which is 50 years old next year, was part of a package of CMPi titles put up for sale in 2006 but which the company later opted to retain.
Chief executive Gary Hughes told Press Gazette that the current round of redundancies was not to prepare the title for sale.
He said: ‘You can never be definitive. If you said that we’re always going to publish Music Week then something will happen in 12 to 18 months that means we’re not publishing it and I’ll look like an idiot.”
He said the title had been loss-making and added: ‘We haven’t seen the progress we would have liked to see, and the market has moved against us quite significantly.
‘We are in almost a perfect storm situation. We need to get the product and the business model fit for purpose for the future. I’d say we are doing what we’re doing now to try and keep the business profitable, alive and give it a chance for growing.”
A spokesman said the magazine would continue to do news and that the editors would write the content.