Guardian down £38m

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.

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“Before we all sink into a slough of digital dystopian despair, it might be worth considering this: is this a sign of the strength, not weakness, of revelatory journalism in the digital age?”


Charlie Beckett, director of POLIS at the London School of Economics, reacts to news that the UK government forced the Guardian into destroying hard drives that contained information leaked by Edward Snowden.


(Source: POLIS)

 

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