Holy financial black holes! I see the Kent Messenger Group is to slash around a tenth of its workforce, blaming a 25-30% drop in its advertising revenue. The family owned business publishes Thanet Extra hereabouts, a weekly freesheet which I get to see, ooh, about once or twice a year due to a rather erratic delivery set-up on the south side. When I have seen it I've been rather impressed, I must say. Now KM Group are closing six of their smaller offices and 'restructuring' their editorial operation, saying adios to 61 employees.
The news must also cast a shadow over our very own Isle of Thanet Gazunder and newcomer yourfannitinnit. Which is a pity since, no matter what you think of them, by having such a healthy crop of local newspapers, the stories they don't want you to hear usually manage to seep out over time.
Oh well, let's hope the generous, milky nipple of public sector advertising in these parts supplies them with enough sustenance to carry on. Except, of course, even greater reliance on the aforementioned public sector nipple will lessen the chances of anything juicy seeping out as they'll be reluctant to bite the teat that feeds them. Er, I think I've taken that metaphor as far as it will go now.
Click here to read Kent Messenger story on BBC News website
Update: It seems that Thanet Extra will be saved for the nation for now. According to the Kent Messenger website, offices under consideration for the axe are Dover, Faversham, Sittingbourne and Tunbridge Wells, along with radio studios in Maidstone and Tonbridge. Click here to read more.