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November 25, 2008

Redundo-watch: Record, Times, Telegraph, FT, USA Today

By paulmcnally

The journalism job market seems to be contracting faster than we can report on it – so here’s some stories from elsewhere.

Every little helps: The Daily Record and sister title the Sunday Mail are looking to cut a rumoured 35 jobs. According to AllMediaScotland.com, managing director Mark Hollinshead said in an email to staff: “Every penny saved, every extra newspaper sold and every new centimetre of advertising published is critically important if we are to ensure our future health.” The news comes after parent company Trinity Mirror announced last week that it was imposing a pay freeze across all of its titles in an attempt to save cash.

‘Stunning decline’: Gannett-owned USA Today is looking to axe 20 jobs next month, according to Editor and Publisher. In a staff memo, the paper said: “We wish this wasn’t necessary, but we’re facing unprecedented economic challenges and we have to cut spending. This is a difficult close to what has been an extraordinary year for this newsroom, including outstanding coverage of the presidential race, the Olympics and the stunning decline on Wall Street.”

Quality cuts: The Telegraph, Times and Financial Times are all looking to cut jobs, according to a MediaGuardian.co.uk story quoting two anonymous sources. Staff at Telegraph Media Group were reportedly briefed about the cost-savings on Friday. The FT, meanwhile, is preparing for a 10 per cent budget cut next year.

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