Irish media organisations including Journal Media and Communicorp are to impose wage cuts as the industry faces decline in advertising revenue. These include pay cuts across the company and most, unfortunately, ceasing to publish our business news site Fora.ie. Communicorp Media has also been forced to impose staff pay cuts of up to 25%. Iconic Newspapers which publishes a number of titles including the Limerick Leader and the Dundalk Democrat has also announced layoffs. In the US traditional news outlets were facing similar cuts while digital news company BuzzFeed announced that it would have to cut staff pay.

Source: Irish Examiner April 01, 2020 15:33 UTC