Operating losses for Guardian Media Group’s national press division for the current financial year to March are expected to be “in line with last year’s loss of £37.8m”.
The group’s new chief executive, Andrew Miller, revealed the figure as he announced changes to distance the Guardian, Observer and Guardian.co.uk from other assets, such as Emap, Auto Trader and GMG Radio. These will be treated as “investments”, allowing Miller to focus on the “core business” of Guardian News and Media.
(Source: Press Gazette)
This article appears in issue 261 of Media Digest.