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> And it has survived without continual extra investment. It has not. The Guardian loses millions every year. I think it made money one year in the late 90s ii
by pessimizer 1y ago
> And it has survived without continual extra investment.
It has not. The Guardian loses millions every year. I think it made money one year in the late 90s iirc.
- metabagel 1y agoTheir revenue is growing though, and they are expanding. https://uploads.guim.co.uk/2025/09/11/Guardian_Annual_Report_24_25.pdf https://uploads.guim.co.uk/2025/09/11/Guardian_Annual_Report...
- afavour 1y agoIf I have $10m in the bank and I live off the interest I am, in a sense, losing money while being able to stay solvent for the rest of my life. I don't see a reason why a newspaper couldn't apply the same principle.
- terminalshort 1y agoYou will still have $10 mil, but at an average inflation rate of 3% that will be worth half in 24 years, and 1/4th in 28. So you will have less and less of a newspaper. And that's if none of your investments go bad. This kind of logic doesn't work for long time horizons.