Guardian, ITN and Economist among news companies on furlough scheme
The Scotsman and Yorkshire Post owner was bought on 31 December for £10.2m by former Local World boss David Montgomery who has begun implementing a new localised strategy for the group. The next biggest recipients of furlough cash in December were The Guardian, Archant and Midland News Association which all received between £50,000 and £100,000. The Guardian instigated plans in July to cut 12% of its workforce as it expected a £25m revenue hit because of the Covid-19 pandemic. Advertising, Guardian Jobs, physical events and print were the hardest hit areas of the business and at that time...
Source: pressgazette.co.uk