Vinyl Group ends the week with a 4.4% slump

Vinyl Group finished Friday on a down note after a week in which it revealed further cuts to the company’s editorial ranks.

The company, which has pledged to get to breakeven before the end of this quarter, ended the week down by 4.4%, giving it a market capitalisation of $117m.

On Tuesday Vinyl Group ousted Mediaweek editor Dan Barrett and head of content Frances Sheen, replacing them with TV producer Duane Hatherly.

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