UK: Press Gazette mulling axing print version and going exclusively online
Posted by Katherine Thompson on August 6, 2008 at 3:12 PM
Rumours have been circulating for several weeks about the Press Gazette's future: that it could go monthly, change its size to A4, or concentrate on big interviews and features and leave the news for its website.
However, it has emerged that the weekly magazine's management could take more drastic action and close its print version completely. The owners, Wilmington Media, have said that several plans are being considered and this is just one of them.
A meeting was held on Monday between the owner and the staff to discuss the different options, and the "discussions are continuing" according to a Wilmington Media source. The magazine has entered a negotiation period as of the seven editorial and five commercial staff could lose their jobs.
Wilmington Media bought the 43-year-old weekly magazine in December 2006 and is reportedly in talks to sell the title to private equity group HgCapital.
Source: Guardian.co.uk
However, it has emerged that the weekly magazine's management could take more drastic action and close its print version completely. The owners, Wilmington Media, have said that several plans are being considered and this is just one of them.
A meeting was held on Monday between the owner and the staff to discuss the different options, and the "discussions are continuing" according to a Wilmington Media source. The magazine has entered a negotiation period as of the seven editorial and five commercial staff could lose their jobs.
Wilmington Media bought the 43-year-old weekly magazine in December 2006 and is reportedly in talks to sell the title to private equity group HgCapital.
Source: Guardian.co.uk
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