Emap to join Trinity and Haymarket in job cuts

The business-to-business publisher Emap is set to announce a series of job cuts next week as it becomes the latest media group to feel the pressure of the worsening economic conditions.

Sources close to the group said Emap was looking to reduce editorial budgets across many of its magazine titles in a cost-saving drive that would include headcount reduction. The announcement could come as early as Monday.

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Emap, which employs 1,600, declined to comment. The group, which publishes magazines including Drapers and Broadcast, was bought by Apax Partners and Guardian Media Group last December. This followed the group's sale of its consumer magazine and radio businesses to Germany's H Bauer in the same month.

This emerged on the day Trinity Mirror and the publisher Haymarket rev-ealed cost and job-cutting plans. Trinity Mirror reported yesterday that revenues had fallen 11.4 per cent in the 17 weeks to 26 October, as advertising income continued to slump. The group revealed it was ahead in cost cutting after it identified £25m worth of savings for 2008, and would deliver a further £20m next year. A spokesman for the group said the company had not ruled out job losses, and some local titles could be closed.

Haymarket Media Group, whose chairman is Lord Heseltine, and which publishes titles from What Car? to Media Week, also told staff yesterday that it has cut about 50 jobs across the business as it looks to cut costs. The media industry has come under severe pressure as advertising revenues have plunged since the onset of the credit crunch.