Job cuts at FPC won’t affect printers

But it isn’t bad news for IPMG Group, which print FPC’s magazines – including Vogue; Notebook and GQ – and will continue to print the company’s products regardless.

In November 2006, it was announced that News Limited would be acquiring the range of 25 magazines at the estimated cost of $180 million. Following this, News Limited then expressed a keen interest in obtaining the company’s community newspapers, which are distributed throughout Sydney, the South Coast and Queensland.

Jewel in the crown is the Wentworth Courier in which Michael Hannan's FPC will retain a 45 per cent interest. The deal went through only after being cleared by the ACCC.

With reports of tension and unease plaguing the Alexandria offices, Kat Vidovic, a spokesperson for FPC said that while some staff had been informed that their positions within the company had been made redundant, it was only “a small number” of employees that were affected.