Weekly NDM

Future Publishing cuts more than 400 jobs as part of restructure

This article is about how Total Film's magazine sales have been on the decline and that due to the loss they have had to cut down staff and refocus their business.

• Future Publishing has reported a £35m loss, as the embattled publisher revealed it has cut more than 400 staff, over 40% of total employees, to cut costs and refocus the business.
• Total Film publisher Futrure Publishing has reported a loss of £35.4m in the year to the end of September, with a 20% decline in revenues
• Print revenues declined by 26% from £52.2m to £38.7m, while digital and diversified revenues fell slightly from £30.4m to £27.3m.
• The company said that digital advertising at its UK operation represents 63% of total UK ad revenue.

 This shows that Print and traditional media is being taken over by digital media as the majorty of the film magazines revenue comes from digital advertising.

http://www.theguardian.com/media/2014/nov/21/future-publishing-cuts-400-jobs