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Midland News Association sees Covid impact on turnover
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The UK was under a strict lockdown throughout February, which likely affected advertising and circulation sales as well as physical events for those publishers who previously relied on them.
Archant appointed a new chief executive, Lorna Willis, in March. It has not made any pay cuts for staff throughout the pandemic and around 25 jobs lost have been put down to “natural attrition” rather than redundancies.
Fellow regional publishers JPI Media and Midland News Association made the second biggest furlough claims in the UK news media industry in February, of between £100,001 and £250,000 each.
Newsquest also increased its number of furloughed staff in February, going from claiming between £25,001 and £50,000 per month in December and January to between £50,001 and £100,000 in February.