NEWSQUEST North-East sent letters to a number of editorial staff in Darlington yesterday informing them their jobs were under threat “in response to the continued economic downturn”.
Today Pearson announced its Financial Times Group “is expecting a substantial growth in profits on the back of an improving advertising market and resilient subscription rates”.
Either someone’s telling porkies or they are just not up to the job they are being paid to do.
For a report on the FT Group’s success, see UK Press Gazette.
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