Der Spiegel publisher to cut 20% of staff and launch paywall

The publisher of the influential German newsweekly Der Spiegel is to cut about 20% of its staff and start charging for some articles online as it tries to fight a decline in advertising and circulation.

One of Europe’s largest news magazines, it has a circulation of about 870,000. Known for its investigative reporting, it is seen as required reading for the German political, business and cultural elite.

For the full story read The Guardian