June 13th, 2012

Rusbridger Selling Off Family Silver

Guardian Media Group is on the verge of flogging its radio business in a cut-price deal. GMG Radio, valued at £120 million, is set to be sold off to Global Radio for a paltry £50 million. Since GMG’s radio acquisitions over the past few years add up to over £200 million this represents a huge loss for the company. Now that’s a business plan.

The deal is the latest in a range of money-saving measures taken by the Guardian‘s parent company following losses for nearly £40 million last year. At the time GMG chief executive Andrew Miller warned that the business was running out of cash, instigating a wave of cutbacks across the board. GMG’s financial woes have been compounded by the poor performance of the Guardian newspaper, which languishes down in ninth in the league table of daily UK print circulation. While his company is tanking, Alan Rusbridger takes home over half a million per year…


124 Comments

  1. 1
    Glyn H says:

    Surely the EU has a budget for supportive organisations and ‘useful idiots’?

    Like

    • 14
      I Remember You Hoo says:

      So has this and previous governments.

      It’s called government sponsored subsidy, in the form of public sector advertisements worth millions. Oddly, no other media group or newspaper gets this lavish subsidy from every or any government.

      Like

    • 16
      Rusbridger says:

      So what ?

      Like

    • 49
      Chattering Luvvies says:

      Wots EU got to do with it? No one North of Belsize Park reads the Guardian anyway.

      Like

    • 70
      Ah! Monika says:

      When the Guardian goes, that will mean that NI will have an even larger % share of the market. Ed will have to sharpen his calculator.

      Like

    • 72
      A rare bird says:

      Can’t understand why you are obsessed with the Guardian Geedo. In another world, a world outside of Westminster politics and state institutions the Guardian is something to be ignored if by some rare chance it is spotted.

      Like

      • 88
        yeah, right.... says:

        Clearly you haven’t visited a hospital, school or council office recently.

        The Grauniad remains the house journal of those who get to spend our money. If what they read daily tells them that they are hard done by, downtrodden and worth far, far more than what they currently receive, it’s no wonder than public sector delusion prompts them into more strikes to maintain conditions which are simply not sustainable.

        Like

        • 104
          A rare bird says:

          I said outside of state institutions. You have quoted state institutions.

          Like

          • 15 points Labour lead in the polls means the Brits are nuts says:

            Rare Bird

            The Guardian is the house journal of the BBC. The BBC is a front for Guardianista opinion. The BBC is also known as the Red Channel. The BBC is a bigoted, narrow minded and odious organisation that flouts it’s Charter each & every day. Like The Guardian it is living on borrowed time. Like The Guardian it is entirely hypocritical. It invests it’s pension funds in green industries and regularly talks up those industries. The Guardian attacks capitalism yet invests it’s trust funds in off-shore investments.

            Yet, the BBC is still a widely trusted brand – based on is heritage rather than actuality.

            Crazy but true.

            Like

          • yeah, right.... says:

            Apologies, missed that. You’re bang on.

            Like

  2. 2
    a non says:

    Shurely some mistake.
    The Guardian is promoting the Miliband suggestion for NI to be cut down to size today not Rusbridger to downsize voluntarily.
    Then again, with the Ed M article being devoid of the full report about his Leveson appe@rance, perhaps Guardian group selective cuts is nothing new.

    Like

  3. 3
    Nelson Muntz says:

    Ha ha

    Like

  4. 4
    Andrew Efiong says:

    In business you are supposed to buy low and sell high. These birdbrains are doing the opposite!

    How long until The Guardian runs out of money?

    Like

    • 23
      Hang The Bastards says:

      Too long.

      Sooner the nasty lefty press burns the better

      Like

    • 54
      Gordon Brown says:

      Is that why they laughed at me when I sold the gold?

      Like

      • 74
        Ed Ballsup says:

        They weren’t laughing at you, Gordon, they were cheering you.

        Selling the góld was my idea, after all. So the idea must have been brilliant.

        Like

        • 84
          Anonymous says:

          Lefties just don’t grasp basic economics do they.
          Interesting interview with retiring FSA head Hector Sants on Toady this morning, in which he stated Brown ignored his advice before the banks collapse.

          Like

          • Dobbie says:

            On the World service last night – senior Spanish economist foretold the total failure of the Eurozone/EC. Bloody scary stuff!

            Like

  5. 5
    Camilla Parker-Starney says:

    I didn’t realise they did radio.

    What is it, a leftie version of Radio 4 with cookery programmes on fair trade ciabattas, holiday reports from Venezuela and North Korea and history programmes about Tuscan villas, along with a token Northern chap to read the news every hour?

    Like

    • 12
      Lembit's cheeky dildo says:

      A lefty version of Radio 4?

      Like

      • 33
        Col Nut says:

        The cookery might include dishes like Pol Pot roast and pigs Trotskies.

        Like

      • 37
        Pundit Too says:

        The Gruniard selling off their silver cheaply? But this only follows their mentor Gordon Brown selling off our gold at the bottom of the market.
        Lefties do not understand or want to understand business or the military.
        Slavishly following Stalin’s doctrines and practices prevents them understanding anything but their ideal world; however looking after number one is still dominant in their culture, as Rusbridger and Thompson of the BBC exemplify.

        Like

    • 46
      Maximus says:

      I was thinking Radio Guido – say 50,000 window lickers put in a grand each? But when you put it like that, the answer’s pretty obvious. Nah, doesn’t make any sense whatever. I’d say GMG have found a mug – or someone in dire need of a tax loss.

      Like

    • 108
      Lickity-Split says:

      A leftie version of radio 4??? That would be positively totalitarian!

      Like

  6. 6
    Baroness Warsi says:

    Anyone going to Westminster Magistrates court this morning ?

    Rebekkah will be appearing in person !!

    Like

    • 10
      UKIP.I.AM says:

      How long will it be before Gordon Brown appears there now he has been exposed as a congenital liar under oath by no less than Ed Miliband?

      Like

      • 11
        UKIP.I.AM says:

        Brown getting done for perjury would be like Al Capone getting done for tax evasion.

        Like

        • 32
          Anonymous says:

          So long as he gets done who cares?

          Like

          • BBC - Bring Back Communism says:

            We have done our best to defend Gordon Brown by concentrating on Major’s declaration of NI interference in government balanced with Kelvin McKenzie’s totally honest declaration that Major is lying about their telephone conversation.
            Did you admire our declaration yesterday on Leveson that Ed Milliband was a PM in waiting? Biased us? Perish the thought.

            Like

          • BBC - Bolshevist Broadcasting Crew says:

            We faced a stark choice. We know full well the biggest liars (excepting ourselves, of course) are politicians and journalists. We needed to inform our audience of what to think. We chose politicians. We do know which side our ciabattas and chapatties are buttered and ghee’d on. Now, see all this global warming – keep it up, we have our pensions to think of.

            Like

  7. 7
    UKIP.I.AM says:

    As high as ninth place? I hadn’t realised there were quite so many deluded hypocrites in this country. I expect the few who actually buy it do not read it but just like to be seen with it.

    Like

    • 18
      I Remember You Hoo says:

      GMG circulation figures, as paltry as they are, should be taken with a rather large pinch of salt. Certainly, the people actually handing money over for the rag are far fewer than even it’s woeful circulation figures suggest.

      Like

  8. 8
    Flatcap Army says:

    Clearly this is an OUTRAGEOUS neo-lib-con plot to stifle the only true voice of the left in the this country. With proper public subsidy people would buy the Guardian in their droves and it’s only that fascist Murdoch that’s stopping people doing so, by wilfully and maliciously giving the public what they want. The bastard

    Like

    • 22
      Lefty fucktard says:

      NO NO NO you see the LESS the circulation the MORE influence the paper should have. It merely reflects how EXCLUSIVE the readership is, being highly educated with their liberal arts degrees, and merely underlines their right to tell everyone else what to do.

      Like

    • 38
      Anonymous says:

      Yes Murdocher certainly gives the plebs what they want in the Sun, lots of waffle, lots of footy, lots of tit and bum, lots of piccies (for those that cannot read), lots of promoting Sky (which Murdoch says he does not do), Dirty Des does exactly the same with the Star except the sky bit. The Times has never in the past few years made a profit, and that includes the time when Captain Bob ruled it, maybe it does not not have the tit and bum and footy piccies.

      Like

      • 40
        The Mirror Group says:

        Any Mouse – how dare you state that the Sun has the monopoly on tits and bums and simple news for the downtrodden simple minded masses, especially tribal followers. We are dominant – dominant I tell you in this sphere.

        Like

        • 122
          Forkbender says:

          You did not read it properly cock, I mentioned Dirty Des and as Guido will tell you ,Des is the past master of the tit and bum

          Like

      • 65
        God says:

        I created tit and bum for a purpose. If you are too thick to know what to do with them, you need reminding.

        Like

      • 77
        Anonymous says:

        Don’t think Cap’n Bob ever ruled The Times.

        Like

  9. 9
    Who wants to be a millionaire? says:

    While his company is tanking, Alan Rusbridger takes home over half a million per year…

    Bb.b.b.b.b.but, isn’t that what we champagne socialists are supposed to do?

    Like

  10. 15
    Fat Polly at the Guardian says:

    Ha ha ha, they still pay me £150k a year

    Like

  11. 17
    Owain Glyndwr says:

    Thre I was laying in my wanking chariot flipping through the stations on my dab machine when the person to person information Facilitator came booming through the ether stating or words to the effect that dave the libdem hero has said that the people do not want a eu referendum. Odd but if dave says it I believe him.

    Like

    • 24
      UKIP.I.AM says:

      The Falkanders are getting a Referendum on who rules them so why shouldn’t we, Dave?

      Like

      • 31
        Owain Glyndwr says:

        The falkland referedum has been arranged by the council of the falkland islands to comply with UN right of self determination and to stuff it to the argies, maybe the people in the UK should demand the same right

        Like

    • 27
      smoggie says:

      We should be given a referendum on whether we want a referendum or not.

      Like

    • 28
      Anonymous says:

      Then you came

      Like

  12. 19
    • 80
      Ah! Monika BBS most read says:

      1: Delayed fatherhood ‘extends life’
      2: The 75-year-old bodybuilding grandma
      3: Judges uphold pit bull dog ruling
      4: Diesel fumes cause cancer – WHO
      5: Opening ceremony details revealedRead
      1: ATMs to operate without a card
      2: Olympics ‘£500m under budget’
      3: Gone With the Wind actress dies
      4: Spain is not Uganda. Discuss.
      5: What happened to the Communist Party of Great Britain’s millions?
      6: Linus Torvalds, creator of Linux
      7: The great British fish swap
      8: Firms set to lift hosepipe bans
      9: Football fans in Warsaw clashes
      10: Domain name claims to be revealed

      Like

  13. 20
    Aunty Matter says:

    Can someone remind the BBC that Leveson isn’t about the relationship between politicians and the Murdoch press, but the WHOLE of the press. Dozy woman on BBC just asked lefty reporter what questions there are for Alex Salmond and his relationship with Murdoch.

    I wonder if Salmond might bring up BBC bias and how Kirsty Wark tore into him (she’s a big Labour supporter) on Newsnight

    Like

    • 29
      The BBC...impartiality is our byword says:

      We must correct you slightly…it’s about the relationship between TORY politicians and the Murdoch Press…the rest of the press and media work to the highest standards as does the Labour Party…we confidently expect that Cameron will be forced to resign after his evidence on Thursday and that HMQ will call on Mr Miliband to form a government !!!!

      Like

      • 34
        A Wanker from the BBC says:

        In his evidence to Leveson, Tony Blair suggested that he fell out with the BBC in a big way over the Iraq War. While Mr Blair is incorrect in suggesting that the BBC takes a political stance on anything (I wrote that without laughing -honestly), we can confirm that our cosy relationship with Labour did suffer during that time. Mind you, our relationship with Labour is not a matter for Leveson. We are not ‘the media’ – we are the BBC.

        Like

        • 53
          The BBC...totally unbiased at all times in highlighting Tory sleaze says:

          We look forward to Nick Clegg’s evidence…..this will undoubtedly further put another nail in Cameron’s political coffin…..after yesterday afternoon’s performance by another principled Party Leader Mr Clegg’s evidence to-day will further show up the shallowness and slippery PR skills of Mr Cameron whose judgement is now under scrutiny.

          Mr Clegg was instrumental in forcing Mr Cameron to set up the Inquiry in the first place and we applaud Mr Clegg’s high principled non-partisan stand on the most important issue of the century

          Like

          • The Tit in No 10 says:

            Thank you – but I am perfectly capable of inserting my own nails in my own political coffin without the aid of the BBC!

            Like

  14. 21
    Hang The Bastards says:

    The Guardian as two obvious flaws with it’s business plan…. Rusberger and Tonyebee

    Like

  15. 25
    Anon says:

    “GMG’s financial woes have been compounded by the poor performance of the Guardian newspaper,”

    Some mistake surely?

    With the cross subsidy from the BBC jobs advertisements, the local authority jobs advertisements, the legion of Quango job advertisments this Rag still can’t make money?

    Like

  16. 26
    MB. says:

    Does that mean Rusbridger will get another large bonus?

    Like

  17. 30
    Lefty Loon says:

    GMG Radio has to go. Its diversity policy is useless and don’t even ask me about its sustainability policy.

    Like

    • 36
      Polly Gloat says:

      GMG’s diversity policy : the longer you work there diverse it gets.

      Like

    • 44
      Political Correctness gone mad. says:

      Loved the story in the Independent when one of their correspondent’s was working at the BBC and got lost in the building. He asked a woman walking along the corridor for the way out and she replied she could not help him as she was blind. He then extols the virtues of the BBC for employing such diversity.
      I only wished he was still trapped there.

      Like

  18. 35
    Col Nut says:

    Perhaps the Guardian would do better with a tits page.

    Like

    • 45
      Pundit Too says:

      It already employs hundreds of them so are you suggesting an employee page?

      Like

    • 48
      d says:

      Suppose it sorts out a rainy afternoon trying to crack one out over Polly’s rack but you’d probably get friction burns and tennis elbow

      Like

  19. 43
    Cuse says:

    The Guardian is a sorry joke.

    Its editorial direction is a confused mess and has been since Rusbridger took control, its advertising pompous and patronising, its readership a middle-class bunch of weeping liberals. To compound the sorry disaster the once proud Manchester Guardian has become – its online presence is nowhere near the quality of the Mail – with the Mail’s smartphone apps being streets ahead of the Guardian.

    I stopped buying the Guardian in 2007 as it became Cameron’s number one fan. And I say that as a middle-class, weeping Liberal.

    I long for the day it closes and allows us to remember a once decent newspaper

    Like

    • 102

      But where would Polly Pot preach from?

      The Indy? How down market.
      The Huff-Puff – Too many chiefs

      Maybe she could start her own guardian thinking luxury spa and resort in the Caribbean.

      “Come and weep for humanity. Decry man-made global warming/climate change shed tears for world poverty .. whilst relaxing in a 5* hotel, in a beautiful setting, with 24 hour massages and facials.”

      Like

      • 110
        Only in the McGraun says:

        For heaven’s sake Bill. The though of Polly having a facial is just too much at this time of day.

        Like

  20. 47
    Shurdy Rover says:

    Perish the thought of Polly’s tits on Page 69!!

    Like

  21. 50
    Princess Platitudinous Po-Face Polytwaddle, handwringing, whining, her mouth full of silver spoons says:

    I am always right!

    I am never wrong!

    And to sell off the family silver, – disaster!! Tribulation! Shame! Penury! How will it affect my income? Oh wail, moan, whine, – but I must be brave and write my piece for my adoring socialist intellectuals!!

    Francesco!!!! – come here and comfort me while I think!!!

    Like

  22. 51
    Jack says:

    Surely the GMG should be adopting a growth strategy instead of cuts and austerity?

    They could get a few million further in debt, but use it for investment in the green economy.

    Like

    • 64
      Pawn Sandwich says:

      Borrow your way out of debt, sure, thats what the two Ed’s want to do. They keep reminding Cameron that his cutbacks are too far and too fast.

      Like

      • 91
        Ex Conservative Voter says:

        To be fair, having said that Britain’s debt is “horrendous” and that Labour “should never again have their hands on the economy”, Dave and Gideon are planning to increase the nation’s debt by 40pc by 2015.

        I’m not too sure how adding £400billion to an already “horrendous” debt is going to make things any better, but I’m in good company – my guess is Camoron and Gideon haven’t got much of a clue, either.

        Like

        • 101
          Pawn Sandwich says:

          I have to agree with you. However I view it from the perspective that labour left a dysfunctional economy and any successor would have to borrow to maintain a bloated public sector.

          Unfortunately we do not have a Conservative govt, we have a coalition that has to hand a disproportionate amount of power to the minor partner. Nothing will be resolved until after the next general election, which going on Cleggs position regarding Hunt, will be sooner than later.

          Like

      • 95
        Unaligned voter says:

        Wouldn’t a generally more positive attitude help a tad round here?

        Like

        • 118
          Positively spoken says:

          You must be new here. We are very positive. We all hate liebore, its policies, personalities and general poxyness. How much more positive do you want us to get?

          Like

  23. 52
    Pundit Too says:

    To defend the Guardian (which is not in my nature), it does have the best food and wine pages, videos, and recipes of all the UK newspapers.
    Perhaps this is the way ahead?
    Drop the leftie image, go into food and wine based on a website similar to Crush Magazine, with their upmarket recipes etc – bet they make a profit this way.

    Like

    • 82
      Anonymous says:

      The food pages are fine if you live in the trendy metropolis and have access to exclusive ingredients. Not so good for the bulk of the population.

      Like

    • 83
      The Notting Hill Popular Front says:

      There’s something very quaint about a looney-left “up the workers” paper having excellent articles about wine and an extensive collection of upmarket recipes.

      Like

      • 90
        Breaching the Gates of Smugness says:

        Heaven forfend that the “Guardinistas” should ACTUALLY associate with the “working classes”…they all live rich,comfortable lives totally isolated in their comfy leafy suburbs from reality until like the “Ancien Regime” in France the mob comes knocking at their gates…they have absolutely no conception of the reality for the vast majority in the UK

        Like

      • 92
        just an idea says:

        Don’t most people access recipes on-line nowadays anyway?

        Like

      • 113
        davidc says:

        but most guardian writers and commentators bang on something alarming about their ‘working class’ origins and if only the children weren’t at a critical stage in the exam programme at their school in holland park and the wonderful waitrose and quick access to the tube they would be overjoyed if they could get back to the sink estate of their birth

        Like

  24. 55

    Rebranding Guido Fawkes to Media Guido appеars to have been done at a snip.

    Like

  25. 60
    Damian Carrington says:

    The planets burning, the baby seals are crying, mother Gaia needs more wind turbines

    Like

    • 62
      George Monbiot says:

      Please keep buying the Guardian- I need more money for my mansion in Mid wales

      Like

      • 76
        Quaffing another bottle of Champagne, Polly Tuscanvilla says:

        After the glorious Socialist Revolution, everyone in Britain will live in little council flats and drive Trabants (after being on the waiting list for 6 years).

        Each according to their needs. Isn’t it glorious?

        Like

      • 87
        Gonk says:

        And my electric bike. Apart from when I can’t use it properly (when it’s raining or too far to travel, or I can’t be fucked…that is, most of the time )
        Then I’ll use my car.

        Like

  26. 86
    Ah! Monika says:

    Guardian are starting a Blog to rival order-order and are looking for suggestions as to what to call it.

    Like

  27. 93
    David one-term Cameron says:

    I know what you’re all thinking – you love the EU really and you want me to keep pissing all your money away.
    There’s no need to keep telling me what you think so I shan’t bother listening to you.

    Like

  28. 96

    For the benefit of Mr. White
    There will be a show tonight on trampoline
    The Rusbridgers will all be there
    Late of Charles P Scott’s Fair-what a scene
    Over men and horses hoops and garters
    Lastly through a hogshead of real fire!
    In this way Mr. York Way will challenge the world!

    The celebrated Mr. York Way
    Performs his feat on Saturday at Barbican Estate
    The Rusbridgers will dance and sing
    As Mr. White fly’s through the ring don’t be late
    Messrs. K and H. assure the public
    Their production will be second to none
    And of course Mark Henry The Horse dances the waltz!

    The band begins at ten to six
    When Mr. York Way performs his tricks without a sound
    And Mr. H. will demonstrate
    Ten summer sets he’ll undertake on shaky ground
    Having been some days in preparation
    A splendid time is guaranteed for all
    And tonight Mr. White is topping the bill

    Like

  29. 107
    going down the pan says:

    Did i hear Clegg correct then
    That self regulation of the press hasn’t worked and he cant think of any other example in society where a body regulates itself ?

    How about Politicians you thick twat ?

    Like

  30. 111
    Mr 0a says:

    Keep an eye out for them using exactly the same tax arrangements as they did when they sold Autotrader using the losses to offset any profits from the Scott Trust Limited. Legal but something The Guardian harps on and on about when anyone else does it.

    Like

    • 121
      will says:

      I am not surprise they got rid of the radio part of GMG as it did not sit well with the rest of the group. it was always a bit strange and not part of its core operations. Global radio will be able to promote it better but as it has a large part of commercial radio will it be refeered to the monopolies commission as apart form it and the BBC they will be the largest radio paltforms in the UK.

      So now the Guardian an offshore company is reliant on a used car mag and website to support its paper. For the guardian sake if facebook, google or another big name moves into this business and undercuts autotrader then it will be doomed. At the moment it has a monoploly on used ccar market.

      Like

  31. 124
    Old Blue Eyes says:

    Being an OAP I visit my local library most days to have a gander at the daily papers. If there is one paper guaranteed to be still in the rack and available it is the Guardian even though I live in a town where Labour is overwhelmingly dominant.

    Like


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