Key facts
- About 100 jobs are expected to be cut at the Daily Telegraph.
- The newspaper is being transformed into an AI-powered global media and intelligence business.
- New revenue streams will include video, audio, puzzles, events, B2B, licensing, commerce and new products.
- The focus will be on growing its audience internationally, particularly in foreign affairs, defence and business.
- Axel Springer bought the Telegraph in June for £575 million.
The new owners of the Daily Telegraph have made significant staff redundancies, with up to 100 people expected to lose their jobs. The newspaper is set to be transformed into a global, AI-powered premium media and intelligence business, according to CEO Carolin Hulshoff Pol. The strategy includes developing new revenue streams such as video, audio, puzzles, events, B2B, licensing, commerce, and new products, alongside a focus on international audience growth in foreign affairs, defence, and business. Axel Springer, the European media group that acquired the Telegraph in June for £575 million, aims to leverage technology and AI while emphasizing human judgment and trust. A formal consultation process for the redundancies is underway.