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The Guardian Media Group has been haemorrhaging money for years. Their operating loss was £69m last year and is forecast to be around £90m this year. Even with
by jdietrich 10y ago
The Guardian Media Group has been haemorrhaging money for years. Their operating loss was £69m last year and is forecast to be around £90m this year. Even with the best part of a billion quid in the bank, they're a long way from financial sustainability.
http://www.pressgazette.co.uk/guardian-tells-staff-to-expect-90m-losses-by-year-end-but-plan-to-turn-finances-around-ahead-of-schedule/ http://www.pressgazette.co.uk/guardian-tells-staff-to-expect...