MEN Media in Manchester is expecting to make 41 of its 74 staff at local TV station Channel M redundant, Press Gazette reports.
Chief executive Mark Dodson said: "These further redundancies at MEN Media are deeply regrettable but, in the current climate and in the context of wider changes in our industry, they are unavoidable.
"The company continues to believe there will be a successful future for local TV in the UK. Channel M will continue to broadcast, and we reserve the option to restore aspects of the schedule should economic circumstances improve."
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