Rupert Murdoch culls more staff at the Sunday Times
Published 08/06/2014 | 02:30
RUPERT Murdoch's News International is culling more jobs in its Irish division in a fresh bid to save costs.
News International also operates the tabloid paper The Sun from the same office. Editor Frank Fizgibbon said no further layoffs were planned.
The Sunday Times in Ireland has been slashing overheads in recent years in response to shrinking circulation and advertising revenues, with columnists such as personal finance guru Jill Kerby and radio presenter Matt Cooper leaving to save money.
The domestic offices of The Times and the Sunday Times have faced several rounds of cuts in recent years too. The newspaper cut a total of 100 editorial posts from 700 British jobs between the two titles in 2011.
Last year, News International again cut 20 editorial jobs at The Times in the UK.
The newspaper's circulation in Ireland fell 8 per cent to 92,643 in the second half of last year, according to the Audit Bureau of Circulations.
Independent News and Media's Sunday Independent, which is the biggest-selling newspaper in the Sunday market, sold 229,382 copies in the same period. The Sunday World, which is also part of the INM group and the second best selling Sunday title, had a circulation of 208,281 in this period.
INM's progress in the last year was described as "transformational" by chairman Leslie Buckley at the group's AGM in Dublin on Friday. The sale of the South African business, a €40m capital raise and a restructuring of its debt and pension scheme were some of the main developments in 2013, he added.
Sunday Indo Business