The most savage job cuts so far.

The bad news continues to roll in from the media with the Independent group announcing that 90 jobs are to go.

Independent News and Media says that it will save around £10m as it cuts a quarter of its editorial staff from the Independent and the Independent on Sunday.

Speaking to the FT,Simon Kelner its managing director said that

“If we are to safeguard the future of the papers, there is no other way to do it.”

The paper is estimated to be losing around £10m a year and its last circulation figures suggest that it is struggling more than the other qualities.

The Company employs a total of 430 staff in London