The owner of the Daily Mail is to cut more than 400 jobs and launch a strategic review of its businesses as it continues to face a tough advertising market. The company said that “just less than half” of the job cuts will come from its consumer division, DMG Media, which is the home of the Daily Mail, Mail on Sunday, Mail Online, freesheet Metro and US site Elite Daily. I think [a sale of the Mail or Mail Online] is unlikely. “Split the group in two: DMG B2B and DMG Media,” he said in a note to investors. Last week, the company announced its finance chief Stephen Daintith would be leaving to take up the position of chief financial officer at Rolls-Royce.

Source: The Guardian September 29, 2016 07:22 UTC