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Print Round-Up: Trinity Mirror Cuts; Newsquest Printers; VNU Media Write-Down; 20 Minutos

imageTrinity Mirror: The publisher has announced that five newspaper offices and 11 jobs at its weekly Scottish newspaper division are under threat as part of a restructure. As it has done at flagship centres in Birmingham, Liverpool, Newcastle and Glasgow, Trinity wants to modernise operations at Scottish and Universal Newspapers, which includes 17 weekly titles, by creating six converged production hubs. Reporters, currently segmented into on- and offline teams, will become multimedia reporters. From HTFP.

Newsquest: Gannett-owned Newsquest is reportedly shutting its Brighton printing plant which would cause up to 53 redundancies. The Brighton Argus and other Sussex titles are published there—but Newsquest could switch printing to its Oxford or Southampton plant. The company, in keeping with most regional publishers who have made similar cuts, shut its Colchester plant last Autumn. Also via HTFP.

VNU Media: It’s quite a week for private equity groups devaluing media investments: UK PE firm 3i has written down its investment in VNU Media, publisher of Intermediar and Computable to nothing, a year after valuing it at €71 million (£63.3 million). It doesn’t mean the stake is worthless—as with Apax Partner’s downward revision of its Emap stake, the new price reflects its temporary value in the currently dire economy. From Dutch newspaper Financieele Dagblad via Dutchnews.nl.

20 Minutos: The free Spanish daily newspaper is closing eight regional offices across Spain, resulting in between 16 and 20 job cuts. From Newspaper Innovation.

Jun 12, 2009 11:39 AM ET
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Posted In: Jobs & Layoffs, Media & Publishing, Magazines, Newspapers, Companies, Trinity Mirror, Countries, Europe, Spain, layoffs

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