Beano and Stylist publisher DC Thomson to cut 300 staff

Dundee-based company, which also owns Scottish regional newspapers, to close almost 40 magazines

The publisher of the Beano and Scottish newspapers including the Press and Journal and the Courier is to cut almost a fifth of its workforce and shut almost 40 magazines as the economic downturn forces a digitally-focused reset" of the business.

Dundee-based DC Thomson, which also owns businesses including the fashion title Stylist, is to cut 300 of its 1,600 workforce in a bid to shave 10m of costs.