TMG will shrink, focus on core brands – Parool.nl

TMG will shrink, focus on core brands – Parool.nl

16-12-14 23:37 pm

The main entrance of the Telegraph Media Group (TMG) in Amsterdam. © anp

Telegraph Media Group (TMG) expects to close 2014 with a negative result . The company announced today the course for the future where the focus of the company is on core brands such as De Telegraaf, Private, regional newspapers and Sky Radio

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We go to a slimmed core business

A spokeswoman TMG

© anp

In recent months, TMG loved all parts against the light and concluded that the results in many cases ‘disappointing’ are. The core activities are profitable.

It is not yet known what will happen with the News Media section, which includes the websites GeenStijl, Upcoming and Dumpert are housed. Adformatie reports that sales of that branch seems real.

“We go to a slimmed core business,” said a spokeswoman for TMG. She could not say how many jobs there are threatened, nor how large the loss this year will turn out. In the press release issued by the company TMG announced in the transition year 2015 ‘regular’ will be reports about the adaptation of the organization

. Disappointing convert

The expected loss this year was caused by ‘turnover and results across the board from falling because of persistently declining circulation and advertising revenue, “the company said. Also provides the transition from print to digital is less than budgeted. Outside the main brands are “virtually all digital initiatives of recent years marginally successful or even loss. The amalgamation of Metro and Sp! Ts has not yet led to a better result.

The Sky Radio Group are “the listening range and connection of consumers with the brand Radio Veronica dropped to an unacceptable level, ‘says TMG. The company also will write off the radio. Again, the spokeswoman could still give no indication of the size of the write-off.

According to TMG, in recent years many people left with the company for a number of cost reduction programs. “Partly as a result, the internal organization and the company has not kept pace with the continuous rapidly changing market conditions. Therefore, the results did not improve

CNV:. Serious concerns

CNV Media is deeply concerned. The union argues that there needs to be cut firmly to get the company back to profitability. “Unfortunately, it is usually accompanied by the loss of many jobs. TMG will be no exception, “says CNV negotiator Arie Kasper

(Produced by the editors).