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Print edition of London paper will remain but focus will shift to digital and mobile platforms

The Evening Standard is to cut 115 jobs, a third of its staff, as the London freesheet seeks a dramatic reduction in costs to survive the coronavirus pandemic.

The newspaper has been hit particularly hard by the coronavirus pandemic as it relies on advertising for 80% of its revenues. The Evening Standard was already struggling before advertisers pulled or froze their budgets during the pandemic, running up losses of £40m over the last three years.

Related: News Corp posts US$1.5bn loss driven by sharp declines in newspaper revenue

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