The Week: City news - DMGT set to cut 1,000 jobs

The Daily Mail & General Trust is to cut 1,000 jobs at its regional arm following an advertising slump in the first quarter of 2009. DMGT said it expected advertising revenue at its newspapers to drop by 24 per cent during the three months to March, and to fall at its regional arm, Northcliffe Media, by 37 per cent.