The future of business news website insider.co.uk is uncertain after its Content Editor was made redundant by parent company Reach.
Peter Walker is expected to leave next week after five years in post. If the site survives there are expectations it will be edited from the company’s hub in Liverpool, one of the regional offices it created in 2021.
Reach has been contacted for comment.
This week it announced £20 million in restructuring cuts as it continues to streamline staff across more than 120 titles that include the Daily Record, Sunday Mail, Mirror, Express and Star.
An ongoing newsroom reorganisation is expected to see 321 editorial staff leave the business. It is also creating 135 roles, meaning a net reduction of 186.
In a trading update it said revenue from newspaper sales fell 3.4% over the first nine months, and advertising revenue plunged 14.7%, contributing to a 3.1% decline in group revenue.
In July it rationalised its national and regional sports teams in England into a central hub with around 50 redundancies.
In 2022 the company announced the closure of the Insider print magazine and a year later a number of its events team were among 450 redundancies across the group.
Insider magazine was launched in 1984 and was acquired by Trinity Mirror, now Reach, in 2000.
National World rebrands
Regional publisher National World, which includes The Scotsman, Falkirk Herald and Yorkshire Post, is to rebrand its 200-plus brands as Iconic Media.
This is the name of the Irish newspaper publisher owned by Malcolm Denmark, which took control of National World in May in a deal with its former board led by David Montgomery.
The move will re-unite Iconic’s 20 Irish titles – which until 2014 were part of Johnston Press Ireland – with the other former JP titles in National World.
The change was confirmed as the company explained the company’s reasons for withdrawing its titles from the Audit Bureau of Circulations (ABC) which means it will no longer make its circulation figure public.
It said ABC’s focus on print circulation “no longer provides a comprehensive or accurate measure of a modern media brand’s reach.”
Iconic Media is engaged in a project to develop an “alternative audience measurement solution” in association with JICREG, originally the joint industry committee for regional media research.
It would aim to provide the group’s advertisers and partners with “a more accurate and comprehensive understanding of the scale and value of its reach across all platforms.”
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