View all newsletters
Sign up for our free email newsletters

Fighting for quality news media in the digital age.

  1. Archive content
September 29, 2005updated 22 Nov 2022 4:58pm

Trinity puts squeeze on jobs and spending

By Press Gazette

By Sarah Lagan6

Trinity Mirror is tightening its purse strings and editorial is
likely to feel the pinch after the company announced trading conditions
for 2005 have “deteriorated dramatically”, according to a company memo
leaked to Press Gazette.

The memo said the company was unlikely to see any improvements
before the year end and was tightly controlling recruitment and
discretionary spending across the group. Only essential staff who have
left the company will be replaced.

The memo stated: “It is
anticipated that unless the non-replacement of a vacancy is business
development threatening, we will not be filling it for the time being.
Overall labour costs will be much more tightly controlled. This will be
put into immediate effect and remain in place until the New Year, when
a further review will be conducted. All present contractual
arrangements and formal commitments currently in place will be
honoured. Where possible, all discretionary spend will be stopped or
deferred until next year.”

A Trinity Mirror spokesman said: “All
media owners are currently experiencing tough trading conditions due to
the slowdown in advertising markets.

These steps are simply
prudent measures to support our businesses in what is a challenging
period for the entire media industry.”

It is understood that the measures will not affect Monday’s relaunch of the Birmingham Evening Mail.

Content from our partners
MHP Group's 30 To Watch awards for young journalists open for entries
How PA Media is helping newspapers make the digital transition
Publishing on the open web is broken, how generative AI could help fix it

Email pged@pressgazette.co.uk to point out mistakes, provide story tips or send in a letter for publication on our "Letters Page" blog

Select and enter your email address Weekly insight into the big strategic issues affecting the future of the news industry. Essential reading for media leaders every Thursday. Your morning brew of news about the world of news from Press Gazette and elsewhere in the media. Sent at around 10am UK time. Our weekly does of strategic insight about the future of news media aimed at US readers. A fortnightly update from the front-line of news and advertising. Aimed at marketers and those involved in the advertising industry.
  • Business owner/co-owner
  • CEO
  • COO
  • CFO
  • CTO
  • Chairperson
  • Non-Exec Director
  • Other C-Suite
  • Managing Director
  • President/Partner
  • Senior Executive/SVP or Corporate VP or equivalent
  • Director or equivalent
  • Group or Senior Manager
  • Head of Department/Function
  • Manager
  • Non-manager
  • Retired
  • Other
Visit our privacy Policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications.
Thank you

Thanks for subscribing.

Websites in our network