August 2nd, 2011

Sinking Media Mogul’s Bumper Package

The Guardian Media Group’s annual results are always worth a read for a laugh, but leave a slightly bitter taste in the mouth. While The Guardian has riled against bankers, and sacked hundreds with the same corporate efficiency they decry elsewhere, life is good if you are at the top. While GMG lost over £54 million, Alan Rusbridger received £605,000.

Revenue is down from £221 million to £198.2 across the group, not least due to the slashing of government job recruitment through the paper. Losses are up, with The Guardian and The Observer’s coming in at £38.3 million in the red. That’s an unsustainable loss of over three-quarters of a million pounds a week…


130 Comments

  1. 1
    Adam Sutcliff says:

    who gives a fuck?

    Like

    • 14
      Contribution from uncontrolled immigration says:

      Britain’s most wanted fraudsters: The men and women accused of £200million scams who are on the run

      Read more: http://www.dailymail.co.uk/news/article-2021376/Britains-wanted-fraudsters-The-men-women-accused-200-million-scams-run.html#ixzz1TrVMqc67

      Like

      • 24
        Gadaffi is Winning says:

        What a shame, on the way to bankruptcy but that’s what happens to everything controlled by Socialists.

        Like

        • 92
          Rage Against the Political Elite says:

          Can Any one tell me why the National Media aren’t covering the demonstrations in Israel. Or the Fact that Wholesale Natural Gas is trading down 65% from 2008. When every expert they trot out on say that Gas is trading higher. How many more lies must we all have to listen too.

          Like

          • Spartacus says:

            Which national media? It is on Russia Today – Freeview 85.
            In any case, not the rocket firing yids again, please.

            Like

        • 126
          M says:

          Is socialism a condition that can be treated on NHS ?

          Like

      • 63
        AC1 says:

        Rich diversity of names…

        Like

      • 81
        Tom English says:

        Immigration is good, immigration is good, immigration is good, Immigration is good, immigration is good, immigration is good, Immigration is good, immigration is good, immigration is good….

        ………repeat this mantra despite all the evidence to the contrary until you are so brain dead you actually believe & subscribe to the Guardian & the BBC worldview

        Like

      • 96
        Rage Against the Political Elite says:

        Hang on a minute, What about the Government Fraudsters who have misappropriated 4 Trillion on a load of Bombs so that they can smash State infrastructure in IRAQ, AFGHANISTAN, and LIBYA, When these peoples have No where to live or No drinking water or Electricity. They are coming here, so that the Government can raise more Soverign Dept on the rise in Population.

        Like

    • 26
      Simon says:

      Fat cat bosses at the Gaurdian. Never!

      Like

      • 49
        Peter Grimes says:

        I liked their justification of their tax avoidance in terms that they would decry if used by others (if those others aren’t Leftoids!)

        “The Board believes it is the Group’s corporate and social responsibility to pay the appropriate amount of taxes in accordance with UK and overseas tax legislation. The Board also believes that it has a commercial responsibility to manage the Group’s affairs in a tax efficient manner within those rules as well as to manage the Group’s exposure to tax.”

        Leftist c.unts!

        Like

        • 59
          Old dog no tricks says:

          In other words – we want to keep our money but we demand that everyone elses is spent on what we think is necessary !

          Typical leftist socialist twats !

          Like

        • 67
          Anonymous says:

          If you are making a loss, there is no tax to pay.

          Like

      • 115
        Ampers says:

        I noticed the government have stopped advertising jobs in the Guardian. I hope they haven’t advertised their jobs in any other newspaper.

        The Government should have a central website where they advertise all the jobs. This would save millions.

        Then they should add a section for every Council with all jobs listed.
        The only jobs where they would be allowed to advertise in the media would be positions where computer knowledge is NOT required. i.e. Manual jobs.

        It would be a pretty large website but if the home page has two branches, local and government, and the second page has links to each specific council, or each specific ministry, then it would only take a few clicks to get where you needed to go.

        The benefit to us all would be that everyone could check to see which councils/ministries are wasting our money by creating non-jobs or paying too much.

        Like

    • 32
      Hang The Bastards says:

      The Guardian just doesn’t get it ! Cut off from state handouts (job ads) no-one wants to read its leftie drivel anymore.

      The world has changed… The fuckwits at The Guardian haven’t.

      Like

    • 42
      The voice of unreason says:

      GMG is just the organ grinders monkey. The organ grinder has a long and illustrious history of rewarding failure.

      Like

    • 50
      Popeye says:

      It couldn’t happen to a better rag!

      Like

    • 53
      Concerned of Dagenham says:

      How much is Polly paid?

      Like

    • 119
      Arthur Bent says:

      Piers may have his issues, but at least he sees through hypocrites like Rusbridger

      http://www.independent.co.uk/news/media/what-happened-when-the-guardian-editor-met-piers-morgan-442870.html

      Like

    • 129
      Sarah Brown says:

      Depends what you’re offering ……………… duckie

      Like

  2. 2
    The BBC's official spokesperson says:

    If they go tits up, where will we get our stories?

    Like

  3. 3
    Anonymous says:

    No doubt £650.000 pa included a bonus
    for improving profits.. Oh hang on.

    Like

    • 66
      Peter Grimes says:

      It did include a £150k pension contribution, one third of his salary which is about what a decent pension costs and just goes to show how those gold-plated public sector pensions are crippling us and just how much Jonah McBroon fucked the private sector schemes for 13 years. It puts ‘Lord’ Jocky McFall’s new report into perspective, too!

      Like

  4. 4
    Sophie says:

    Socialism always runs out of other peoples money eventually.

    Yes, Government spend in the Guardian has been cut but by nowhere near enough.

    Rusty Dave & his faux fake Tory cabinet are probably readers.

    Blue Labour out.

    Like

  5. 5
    Steve Miliband says:

    Some of them could work at the Telegraph, although maybe it’s a bit too left wing for them

    Like

    • 23
      Hugh Janus says:

      Well said!

      Like

    • 28
      Selohesra says:

      I finally gave up on the Telegraph a few weeks back – after having bought it for the last 30 years. Thought I couldnt get on with other papers but Times actually quite readable.

      Only problem is I can’t do the crossword anymore. :(

      Like

      • 38
        MrAngry61 says:

        The Labourgraph is no longer a paper of record.

        Nuff said.

        Like

        • 105
          Hugh Janus says:

          It is if you are into mountains of mind-numbing trivia, reports on ridiculous ‘surveys’, endless ‘lifestyle’ pages, and third-rate reporting, particularly in matters of aviation and defence.

          Like

  6. 6
    Anonymous says:

    Barclays has seen profits of £2.6 billion in the first half of the year – despite setting aside £1 bilion to cover compensation for customers who were mis-sold PPI.
    It was still a 33 per cent drop in profits for one of Britain’s top five banks who had expected to see an increase of almost a quarter (24 per cent) to £3.7 billion before the payment protection insurance scandal hit.
    Payment protection insurance (PPI) was sold alongside credit cards and loans to insure payments were made if the borrower was unable to make them.

    Read more: http://www.dailymail.co.uk/news/article-2021405/Barclays-posts-huge-profits-Bank-2-6bn-DESPITE-setting-aside-1bn-customers-mis-sold-PPI.html#ixzz1TrUSviqZ

    Like

    • 74
      Anon E Mouse says:

      And ? At least they didnt get bailed out by the UK Taxpayer. Take your UK Unc*nt topics elsewhere.

      Like

    • 84
      Sungei Patani says:

      Excellent, we need companies to make good profits so that their dividends can fund the pensions of those not feather-bedded by the state. Private pension funds would be better off still if they had not been raided by another stealth tax by Brown/Balls.

      Like

  7. 7
    Gladys Pew says:

    They are subsidised by Autotrader I think, so stop using that and take the bloody thing down.

    Like

    • 13
      Bobby Mugabe says:

      Ebay Motors is much better!

      Like

      • 120
        jabbathecat says:

        I hate to say it, but if you want a quality car got to Autotrader, Ebay Motors has the shrapnell.

        Like

    • 116
      jabbathecat says:

      The Guardian is subsidised by the offshore based Scott Trust which also owns the GMG of which the Guardian is part of.

      It is the ultimate socialist set up, never make a profit and always live of somebody else’s money.

      Like

  8. 8
    Sir William Waad says:

    “Loses are up”.

    Speling is down.

    Like

  9. 9
    Andy says:

    “Loses are up”

    Are you applying for a job at The Gaurdian?

    Like

  10. 10
    MrAngry61 says:

    Dunno if these are the same results that I read ~2 weeks ago, but the director’s report said then that owing to investment in the joint ventures (the Trader group etc) significantly more income was anticipated in future years.

    On that basis Guardian Media Group can haemorrhage cash indefinitely whilst the moneymaking sectors prop them up.

    Like

  11. 11
    Ed Balls says:

    I commend Plan B to Guardian Media Group. Borrow borrow and borrow some more, it’ll all turn out rosy in the end.

    Like

  12. 12
    Daniel says:

    Dale & Co is utter shite.

    Just thought I would share that with you all.

    Like

    • 20
      Taxfodder says:

      Yep, its a poooooffffsssss breakfast.

      Sad that I am I gave it a go…..(Not tho p….ff bit, the blog).

      Its a bin for down and out journos dykes, layabouts and numbskulls.

      pretty much like this site only, not as interesting.

      Like

      • 33
        Anonymous says:

        Pretty much like the Guardian then.

        Like

      • 57
        Bill Sikes' Dog says:

        And troughing MP’s kicked out at the last election .

        Like

        • 72
          Old dog no tricks says:

          And don’t forget – if we do not hang these murderers – chances are they’ll get paid to defend them again !

          ‘Oh dear he wails – we’ll have to work harder to get them off if there is a death penalty ! Oh – the jury will fail to convict ! – the old trumped up nonsense !

          A proper jury system which does not allow capital if only a majority verdict. The right of a judge to instruct a retrial IF he considers the verdict unsafe ! The truth about DNA evidence not being as reliable as the public have been led to believe etc etc.

          If they are concerned about miscarriages of justice – why are they not standing up and shouting from the rafters all the time about the standards of justice – or is the meal ticket just to damn good !

          Like

    • 85
      Anonymous says:

      Yep, not a patch on his old site. And he has Dizzy too so another good blog gone.

      Like

    • 117
      jabbathecat says:

      Old Holborn hilariously referred to Mrs Dale’s latest web incarnation as the Poofington Post.

      Like

  13. 16
    Polly Toynbee says:

    Leave us alone. You’re all just horrid and… wait a second. Garçon, where’s the Cristal I ordered? Hurry the fuck up.

    Where was I? Yes, leave us alone. This site wants a final solution for The Guardian.

    Like

  14. 17
    Sir William Waad says:

    It would be interesting to know who is funding these losses, since ‘he who pays the piper calls the tune’.

    Like

  15. 19
    Bob Crow says:

    OI! MATER D! BRINNG MEE MI BOTEL OV BOLINJAR ANDD PLAYT OV OISTAIRS! ITZ NOTT EZEE BEAING A YOUNEON LEEDER! UPP DA WORKARZ! STRYKE!

    Like

    • 46
      A state-school teacher says:

      Well done, Bob. You’ll certainly *attain* many GCSEs at Grade 1, but, of course, *every student* is special at our school.

      Like

  16. 21
    Jonah's Curse says:

    Toyota profits are down. Did Gordon visit one of their plants when he was pm?

    Like

  17. 22
    Hugh Janus says:

    Good, I’m glad the sandalista special is on the slide. Now, if the state would like to end the taxpayers’ ridiculous subsidy – in other words expensive ads for public sector non-jobs – then we can hasten its eventual demise.

    Like

  18. 25
    Dick the Prick says:

    Apparently the Observer is closing down next month.

    Like

  19. 27
    BBC Controller says says:

    Leave Little Polly Porkins alone, she’s one of ours.

    Like

    • 112
      Elvis says:

      Drop her onto a sink estate without her mobile phone and see how she likes close contact with the deserving poor! She deserves to be mugged, and lie in the gutter soaked with her own piss, blood and vomit. That would make a really good DVD.

      Like

  20. 29
    Why don't you and the muzees fuck off to Uranus? says:

    Like

    • 60
      Ah! Monika says:

      I hope someone has the foresight to keep these tweets, will make a few quid in due time

      Like

    • 70
      Not quite the greatest batsman ever says:

      Ramadan Mubarak? I thought he was in gaol somewhere.

      Like

    • 83
      Hugh Janus says:

      What utterly pretentious drivel. Unfortunately the only country familiar with Brown and his misguided missus is this one, and we will go on paying the price for decades to come.

      Like

    • 108
      The Prophet says:

      Cover yourself up love–hair, face and, especially in your case, those calves and ankles.

      Like

    • 128
      Bill Sikes' Dog says:

      Follow @SarahBrownUK ?

      No thanks , I’ll walk ahead .

      Can’t stand the stench .

      Like

  21. 34
    Never forget, never forgive says:

    Like

    • 40
      Steve Miliband says:

      ”But he was not alone. Who was his special adviser in July 1997? A certain Ed Miliband. And who was his chief economic adviser, the man behind Mr Brown’s big decisions? The current Shadow Chancellor, Ed Balls.”

      Like

      • 51
        Engineer says:

        Sadly correct. Equally sadly, it’s us that’s going to pay for it. A fact that still makes me angry.

        Like

      • 56
        A bloke of a certain age says:

        To be fair Brown probably thought he was doing the right thing when he brought in the two Eds when you consider their track record in setting up and running sucessful businesses, employing people and overall entreprenuerial expertise…….hang on…..whats that you say….?

        Like

        • 69
          Bill d'Sarse says:

          Apparently, the losses incurred during their first and last foray into the real world was not exactly a resounding success. Their excuse of, “School tuck shops have seen better days and the competition from Mr Patel’s emporium aoround the corner, was just too much.” didn’t seem to wash with year 5 students.

          Like

    • 78
      annette curton says:

      BBC news item mentioned the reported shortfall in private pension provision but typically no mention of the biggest culprit Gordon Brown filching £6 billion (ongoing £100 billion) to throw down the drain, I notice MPs do not have such a cavalier attitude when it comes to their own golden retirements.

      Like

  22. 35
    Drop a Daisy cutter on the BBC says:

    How much money does the BBC give the Guardian? I know that a couple of Guardian hacks have tweeted in the past that the BBC do ‘workshops’ for the Guardian, do the BBC pay for that?

    Like

  23. 36
    City of Vice says:

    Good news to see the Guardian’s still in financial shit. Filthy commie rag is only good for ‘sport’, namely taking the piss out of Polly and her deluded followers on the comments pages.

    However, there is no need to be complacent. The Guardian is but the tip of the iceberg whereby all kinds beardy wierdy ‘progressive ‘ access our money. We’re overrun with fake charities receiving millions of pounds from the taxplayer run by their mates, public sector adverts in newspapers and journals run by their mates, pointless quangos filled with useless pen pushers run by their mates, a cosy legal system run by their mates, (with a bit of legal aid thrown in to prime the system)..

    It’s about time Cameron upped his game and stopped playing footie with the lefty establishment. Cut off their money, and do it now! Let them sink or swim on the back their own finances…

    Like

  24. 37
    Drop a Daisy cutter on the BBC says:

    The best way to rid the planet of the Guardian and BBC is to poison all the cocaine in Islington.

    Like

  25. 39
    Anonymous says:

    GMG is sorely missing the Labour Government’s financial support via pointless classified advertising. I can’t see much hope for the future as they GMG is so dependent on classified adverting revenues. Polly Knowall might have to sell her villa & Ruspuddgy might even have to take a pay cut. How sad!

    Like

  26. 41
    The Guardian's exposed NI's criminal activities says:

    Like

    • 45
      Another Engineer says:

      I get ordered to do a mass deletion of emails every year. So what?

      Does the guardian not have a data retention policy? Tut tut.

      Like

      • 52
        Peter Grimes says:

        No DRP means no trace of their misdeeds.

        Grauniad is smarter than we think, unless Wikileaks has got them by the balls as well.

        Like

    • 98
      Dorian Smith says:

      “The Guardian’s exposed NI’s criminal activities” and little else – other newspapers are available.

      Like

  27. 44
    Billy Bowden is the greatest umpire ever ! says:

    Typical of champayne socailisim, they always run out of other peoples money.

    Like

  28. 47
    Gordon Brown says:

    I’m a hedge.

    Like

  29. 64
    Day 3 says:

    And God said, Let the waters under the heaven be gathered together unto one place, and let the dry land appear: and it was so.
    And God called the dry land Earth; and the gathering together of the waters called he Seas: and God saw that it was good.
    And God said, Let the earth bring forth grass, the herb yielding seed, and the fruit tree yielding fruit after his kind, whose seed is in itself, upon the earth: and it was so.
    And the earth brought forth grass, and herb yielding seed after his kind, and the tree yielding fruit, whose seed was in itself, after his kind: and God saw that it was good.
    And the evening and the morning were the third day.

    Like

  30. 68
    Moussa Koussa says:

    Order 3 coffee’s one for me one for Sammy poos ( Ive got a Porsche, daddy sends harks ) and one for photographer on the tax payers pay roll to make me look good. Nice one Dave. Forget the tip, maybe he sent it to Pakistan.

    Like

  31. 75
    The Fleas of a thousand camels says:

    The sooner this shit stirring rag goes to the wall, the better…

    Like

  32. 77
    Pista's R'Soles says:

    Political blogger and piss artiste Guido Fawkes has been behaving like a hoon recently, lobbying MPs to act over the News International phone hacking scandal and pursuing Lib Dem cabinet minister Chris Huhne over the penalty points allegation. But he faces a tough task in his latest crusade – convincing MPs to reinstate the death penalty.

    Over the weekend, Fawkes (real name Billy Bowden) came out in support of a campaign to bring back capital punishment and has launched an e-petition demanding MPs vote on the matter.

    Like

  33. 79
    Anonymous says:

    In 2011 GMG paid £124.6 million to 2,113 employees that works out as 58,986.29 per employee (page 55 financial report) so guardian employees are hardly on the average wage.

    Like

  34. 80
    CHRIST ON A BIKE! says:

    The trouble with lefty publicatiions like the the Guardian, is that, the media and publishing industry, has a much higher percentage of lefty twats, running and owning those organisations, compared to other industries. This means that left-wing organs often get benefactors rather than investors, to buy them out and keep them them going with money made elsewhere in their investment portfolio.
    I mean the Staggers has been kept on life support and that has been in the financial shit for donkey’s, but some pinko publishing twat wants to keep it going because they still want it’s influence on the wider news narrative.
    The Guardian is a lot more influential than the Staggers because it is the default news source for the whole of the metropolitan media industry (especially the BBC) and of course is supported by the Scott Trust.
    More populist news sources, will be bought by investors who actually want a return on their investment.

    Like

    • 102
      Ethnic Inner-City Street Football Coordinator on £35k pa + car says:

      Where would I be without the Guardian’s job pages?
      Ha,ha,ha,ha,ha,ha…….

      Like

  35. 89

    I would like to congratulate Guido, or Neo-Guido, for linking the Jerry Hayes article on Dale&Co.

    It recognises a sense of balance over this very divisive issue. The moment people start using ad hominem speech to describe the other side, the more that others who are undecided are turned off by the whole thing. The case is lost before it is made.

    The following extract is illuminating. “I doubt whether there will be the stomach for it from anyone under forty.” I can expand on this slightly.

    I grew up, in a less complex age, just after the war. Obedience was expected and the friendly bobby was always right. Politicians were treated with respect. Then we had the Profumo scandal. Look at what these supposedly respectable politicians had been doing in our name and with our money.

    The satirical TV programmes lead by David Frost (now just a parody of his former self) who started to mock the Victorian/Edwardian Establishment for its hypocrisy and we started to question everything. It could be said that we threw the baby out with the bathwater. Looking at the experiences of the last decade or so, we now can see the depths to which MPs, media, police, judiciary, civil servants (to name just some groups) have sunk. Those under forty will only see this as a new phenomenon, unless they are exceptionally well read. It is not new, just more widespread than ever before.

    Before making a decision about any matter that appеars on the face of it to be blindingly obvious, just think about who will have control of its implementation and ask the question, “Do I really trust them?” To vote for something is rarely to get it nowadays.

    If you do that, you will enjoy the benefit of having an old head on a young body. (My own response to that question was met with my emigration.)

    Like

  36. 95
    Spartacus says:

    I wish my company made 190 odd million a year.

    Like

  37. 100
    Penfold says:

    Hey, socialists have the right to a good life and loads of money.

    Shame they can’t be two faced and mega-hypocritical about it.

    Like

  38. 106
    Laurie Penny says:

    It’s sooo unfair !

    Like

  39. 107
    Postal Vote says:

    No wonder Gaurdian loves deficits and a huge public sector.

    Re lost advertising revenue: Guardian would have gone bankrypt without Labour’s clever media strategy from 1997 to 2010 to let it print all the public sector job adverts in return for favrouable coverage from a broadsheet. It’s high time for a law requiring government to spread its advertising among all media groups. Conservatives wake-up; lib-dems as well (Guardian will only supoort you when it suit getting labuor into power).

    PS Don’t forget all the beeb and quangos when it comes to a law requiring public sector to spreead its advertising budgets. Law should also stipulate to publish each year how advertising budgets have been spent. Prevents partisan reporting, no matter how cleverly purchased.

    PS2 Best just to put all public sector jobs and those at quangos and beeb and education on one website – saves lots of money.

    Like

  40. 110
    Guardian advert says:

    FOR QUICK SALE. Sandals – left sole needs attention due to leaning. Also beard trimmer and rose-tinted specs. £10 the lot, can deliver. Desperate journalist seeks position. News International or BBC considered.

    Like

  41. 111
    Xavier Onassis says:

    They’re as corrupt as News International, but because they’re Lefties that makes it OK. Nothing is too good for the working classes, as Signora Toynbee would tell you while being served cocktails by hunky young Italian studs at her Tuscan Palazzo.

    Excuse me, I need to vomit!

    Like

    • 121
      bystander says:

      We (the taxpayers) actually fund The Gruniad via the pointless job adverts, time I think to pull the plug, by the way The Mirror will be gone by Christmas

      Like

    • 122
      @TollyPointBee says:

      I take exception to that remark about me chillin in ma Tuscan Villa. I have asked victims of the “coalition cuts” to send me anecdotal evidence of the pain and misery inflicted upon them. When I have a momento I will have a quick shufty and shed a few tears for them. Then its off to ma favourite trattoria……..

      Like

  42. 113
    Andrew Efiong says:

    Let’s see who gets a bonus. And watch for details like pension payments and expense accounts.

    Oink, oink!

    Like

  43. 123
    Alex says:

    Sorry, but I don’t know where you got your figures from. If you look at the financial statements for 2011 you can see revenue in 2011 was £255.1m, down from £280m in 2010. Where did you get £221m & £198.2? Also, profit after tax was £5.4m, up from a loss of £204.4m in 2010. How did you get a £54m loss?

    Like

  44. 127
    MajorFrustration says:

    Expect the Unions and the BBC to ride to the Grundians rescue. Both have never been averse to wasting money before.

    Like


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We also need Zil lanes.


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