Staff at Scottish publishing giant DC Thomson are facing redundancies as the company prepares to close some titles.
The BBC says employees were told yesterday that the company needed to plug a £10million gap amid moves to "reshape" its portfolio.
DC Thomson owns a number of newspapers including the Press and Journal, the Courier and the Sunday Post.
It also owns dozens of magazine titles, including The Beano.
Rebecca Miskin, chief executive of DC Thomson's media business, said "significant changes" were being announced.
"We will be announcing the closure of some well-loved titles, as well as the cessation of some commercial activities," she said.
"This will mean losing some valued colleagues - something we deeply regret.
"These moves are vital to set us up to thrive in the future and to respond to the difficult economic environment we are in.
"Until discussions have taken place with colleagues, we aren't able to comment on the number of people or the titles which will be impacted."
DC Thomson has given many people their first job in journalism for well over 100 years.
These cuts will be widespread, affecting not just workers in Dundee but also in Aberdeen, Glasgow and three sites in England.
The company won’t say how many jobs will go or which titles will shut – details on that are expected today.