Just another average day in the gloom factory

Euromoney reveals £41.8m loss
Euromoney Institutional Investor said trading would become worse before it gets better

BBC Magazines set to cut 30 staff
Publisher is looking to reduce its headcount by about 30 staff in a bid to cut costs and restructure its operations.

Stop the Press

Wilmington have announced that the print edition of Press Gazette is to close. Bought as a weekly, they’d relaunched it as a monthly magazine, but, even with a full time staff of only three reporters, couldn’t make it viable. Coming hot on the heels of the closure of Printing World it goes to show that making money out of writing about any bits of old media is becoming increasingly difficult.