Daily Mail publisher asks staff to accept shares in lieu of some pay
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LONDON (Reuters) - Daily Mail and General Trust's media unit has asked staff to take graduated pay cuts, with the difference made up in shares, to help weather the twin hit of less advertising revenue and lower circulation caused by the coronavirus crisis."This is an extremely difficult time for our industry," Jonathan Rothermere, DMGT chairman and controlling shareholder, said in a letter to DMGT Media staff on Monday. "With the world spiralling into recession, we have seen, and must expect,..