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General

Telegraaf to cut costs amid shift to '24-7' publishing

Wednesday 28 September 2016 | 11:17 CET | News
Dutch publisher the Telegraaf Media Group has announced plans for further cost cuts as it transitions to a more digital business model. The group aims to lower costs by EUR 90 million by 2019, including EUR 40 million already in 2017, and increase digital to over 25 percent of sales by the same date, from 13 percent last year. It targets a double-digit EBIT margin from continuing operations by 2019, compared to 1.3 percent in 2015. The company said it is on track to more to a more '24-7' publishing model, giving customers news any time, wherever they need it, in print or on mobile devices. In

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Categories: General
Companies: TMG
Countries: Netherlands
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