The new chief executive of HotCopper-parent The Market Herald has wielded an axe through underperforming parts of the business after a short review, closing its German news website and making dozens of redundancies.
TMH is primarily known as the operator of popular and controversial message board website HotCopper. But after evaluating TMH’s Perth and Canadian business units, Mr Logtenberg announced this morning he would discontinue The Market Herald Germany and a number of publications that are not “material contributors” to the company’s revenue or earnings.
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