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Three more national newspapers lay off staff, call in receivers

Following the bleak weekend of long knives at El Pais in Madrid, Germany’s Frankfurter Rundschau went into protective bankruptcy on Monday, putting 500 jobs in jeopardy. The centre-left Rundschau has lost upwards of 15 million Euros every year since 2006. The Social Democratic Party has a strong interest in its survival, but there are few white knights in the offing.

The Swiss-French newspaper Le Temps also told staff that it will have to lay off large numbers, still unspecified. And the Swiss-German Basler Zeitung media group has shut down several subsidiaries and laid off at least 25 staff.

 

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