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100 jobs to go at News UK following revenue slump

At least 100 jobs are to be cut at News UK with the majority to come from its commercial divisions, according to The Telegraph.

It comes in wake of a fall in revenue of four per cent at the Rupert Murdoch-owned group coupled with a general fall in advertising budgets being funnelled through print mediums.

Reports suggest around 90 commercial staff are at risk of redundancy while journalists could also be hit with several news jobs at The Times, including foreign correspondents on contract, reportedly under threat. 

Under the cost-cutting plan introduced by newly reinstated chief Rebekah Brooks, the separate commercial divisions at the group will be united under one unit. 

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