Beano and Stylist publisher DC Thomson to cut 300 staff

DC Thomson’s Beano is the UK’s longest running comic. Photograph: Beano/PA

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.