The question is whether their subscription model can make up for the fall in revenue from sales and adverts. Last year their revenues grew by just 1% and they m

The question is whether their subscription model can make up for the fall in revenue from sales and adverts. Last year their revenues grew by just 1% and they managed to half their losses by cutting costs. Whether they can cut another £20m of of costs (or increase revenues) in order to break even remains to be seen.