Somehow Sky beat the Media Guardian to the story in their own backyard – GMG are selling their remaining 50% stake in Auto Trader for up to £600m. Things must be getting really bad…
Of course it was the sale of the first chunk of the car classifieds goldmine that employed the finest tax avoidance techniques known to the Cayman Islands. Guido will be watching this sale closely…
UKIP Spokesperson Slaps Down BBC | The Commentator
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Ian Katz to Newsnight | Speccie
Press Groups Slam Obama Administration | Bloomberg
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Loverson Lawyer Helped Write Report | Mail
Twitter $10 Billion IPO in 2014? | Seeking Alpha
BBC Leveson Coverage Let Down Public | Guardian
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Lord Tebbit has his say on ‘aggressive homosexuals’:
“Why shouldn’t a mother marry her daughter? Why shouldn’t two elderly sisters living together marry each other? I quite fancy my brother!”
” Evans, dear boy, Evans “
Anyone would think they were losing money….
Does that mean I can stop subsadising this student rag with my Council Tax.
No more half page ads for Assylum, Feminist, Eco-Marxist wellfare co-ordinators at £40kpa & benefits.
I give you a cast iron guantee that I will continue to allow public money to sunsidise the guardian. I am a modernised liberal man. I even changed the rules to make sure if William and Kate have a daughter she will become queen even if they have a son. All to appease the extreme feminists.
If you don’t like it then go and vote UKIP.
Right, the first thing is to get rid of this Do-It-Yourself drowning kit…
It’s more case of hair uncut for that fat guy commentating, who is he?
We already have Dave.
Tell me something I don’t know – knew those Guardian hunts were hiding something from us – I prodded, and they responded.
Song to sum up the Guardian, and their close close close friends at The New Statesman – another bunch of tax dodging hunts,
hypocite hunts!
More Marsheaux, Scandanavian, which I like – Red Riding robbing Hood – look behind you for farck sakes!
strange this, got banned fromm the beeb from commenting when I posted Marsheaux above with their popcorn, they just simply did not get it. So yes, I have serious previous online brit history bannings. Ironic ey?
The tools they are!
in 2005 it was, over Xmas.
yes, look behind you as in,
More brilliant Swansea Badfinger here, non-Jimmy-perve,
YESSS!
Bugger it, my almost half welsh blonde daughter on the landing stage of a triple decker Lahndahn bus – in total love with London alongside the Thames from the southern bank she is,
https://fbcdn-sphotos-g-a.akamaihd.net/hphotos-ak-ash4/401350_10152300606525274_1995298081_n.jpg
Song for my precious daughter, also from the south bank, back in the day, where now near the Design Museum is,
YEH!
daughter scupa dives by the way, literally, all over the world – that is why her hair is salt water bleached, and why she was amused by no desitnations underwater no doubt as well.
RIGHT! Do I gear half a million for my daughter as dowry to me? hundred thousand then – I hear hunred thousand, thanks… 110, 120 120 120, do I hear 130? Thanks 130… 150! new bidder, 150 150. what?!? oh right, 175 on the intertwit, american bidder, WHAT NOW? ah, alright, 200 on the telephone, wants her for her son…. etc etc etc
Sorry – this may work better:
That’s the one:
tidy – might as well post the alternative Little Red Riding Hood panto, look what is approaching your young arse from behind, and all that,
hymens? sorry – got a bit pervy Jimmy Ess then a bit, the ach-y-fi he was!
This is closer:
[youtube http://www.youtube.com/watch?v=YO_a6UuGoLA&w=560&h=315%5D
Yes, just like any other profit-making organisation – EXCEPT they make a loss! Pink slips all round!!
If there’s one thing that really sticks in the gullet it’s the blatant hypocrisy of the oh so do-gooding and well-meaning leftie media of which the Guardian and Polly “Tuscany” Toynbee are arch-examples.
Keep going Guido – this deserves to run and run .. Rusbridger should be ashamed to show his face … but he won’t be … showing his face that is …
Therefore they pay no tax, NI makes some money, pays little tax.
Bunch of low life honky c’unts.
Guardian is utterly useless.
600 million?????????????? I can’t see that.
Neither will the tax man.
Ba da boom.
I’ll be there for you, Cassie!
I’d very much like to be introduced to her pussy.
Everybody wants to be a cat these days.
That was the understatement of the year, Marion. But who cares? It’s Chooch I’m worried about!
Except for someone we know, whose moniker has not been seen much, of late. For all we know, he may be dead or alive, but we have no reliable method for ascertaining this without perhaps inadvertently killing him in the process. From what we can work out on our own, he is both dead and alive, a curiosity (pun intended) of quantum mechanics employed by the modbot of the tousled-haired man in the above video.
mmm denise richards, mmmm…
Prefer Wendy Richards myself.
So would I– as P-a-u-l-ine, though, not as Ms Brahms.
(You ain’t gonna get me, modbot!)
feel free – or is necrophilia still against the law? But anyway, I have a spade and a latern I could lend you, for nothing – go boy, bang those bones buddy, whatever gets you off,
Whats the CGT position
Looking for a Tax Dodge ?
Already got one thanks
Bent 90 degrees at the waist, while HMR&C takes you roughly from behind
Great news. The sooner the Guardian goes tits up the better.
Page 3 ?
Yes. All newspapers should be pro Government.
It was pro government for 13 years you prat.
Jimmy is not a bright boy
OOZEACLEVERBOYZEN!!! (cuttle)
Hello hello hello! Our psittacine friend has returned! Thank goodness — Kate up the spout, and now this, what a frabjous day!
SSKQUAAARRRKK!!! (flutter) (sploodge) A-AAKK!! (ting)
We like to hear him swear,
We like to hear him squeak,
We like to see him biting fingers
In his horny beak …
We’ve had it explained to us more than once that the feckless, insolvent Guardian is kept in profit by an obsolete means of flogging bangers. Unless it’s all a front for drug-running, I just don’t get how this can be worth £600m.
GMG also owns large stakes in Hidden Shores Tax Solutions, Antebellum Tobacco, FireStorm Weapons Technology and Kosher-Goldberg Construction (settlements a speciality).
Oi! Did somebody mention “bangers”? Will there be mash too? How about onions?
Chinese sh*t perhaps?
Poor old Prezza, he’s gone all moldy
Alien reptile.
All those crap UK tabloids – you’d think people would want a quality paper to survive, even if they disagree with its politics.
Andrex is better quality that the Guardian.
That should read “than the Guardian”. Bloody Lysdexia.
When fish and chips could no longer be wrapped in newspaper, that sounded the death knell for the Guardian.
Yes it is a better read and a lot softer on the b*m
The Grauniad a ‘quality paper’.
Well fuck me with a rag man’s trumpet.
Izvestia was a quality paper too, I seem to recall.
Pravda was the ultimate in quality truth.
Since when was the Guardian a quality newspaper? Since when has Polly Toynbee, been a good journalist? The rag is a left wing propaganda sheet, for left wing, sheepish snobs, who don’t want to be seen reading the Daily Mirror.
The Telegraph will do. It is not perfect but hey ho.
There are times when you could read the Failygraph but swear you were reading the Graun. It’s been going on for a few years now.
It’s Mary Riddell – lost her way going to the Grauniad, ended up at the Torygraph by mistake. Writes lefty nonsense, best ignored.
Since when has the Guardian been a quality paper?
ever since I deigned to write for it!
Now leave my presence! – go back to your cardboard box in the gutter!
so the world’s biggest benefit scroungers are having more kids hey – more comedy from the media for the next nine months – it’s worth leaving the fucking country to get away from this load of shit
But it keeps that horrible ginger haired man in work at the BBC.
don’t think we can afford em.
The Guardian will be pouring bad money into bad.
They will be hoping to hang on until Labour win the next election.
Bloody Hell, the Dow has just dropped below the 13,000 support level.
This is now serious and I still have no Plan B
12,993.10 DOWN32.60 0.25%
If I were you,I’d go very,very,short
Don’t worry George, I never did.
I’m going for another 100 point drop on the day….already half way there.
a little nolidge is a danjerus thing
unlike a little nob
How long will it take them to spend £600m and what happens when that’s gone?
Polly will sell one of her houses.
simples £100,000 a day losses….£600 millions….3 weeks…
Erm: At £100,000 a day loss, to lose £600 million will take just under 16 and a half years.
That’s what I thought. I was getting near an answer when the Abbacus caught fire. 3 weeks sounded a lot better. Are we sure it isn’t correct.
Bad news …Interest on £600 millions wisely invested (tax free) £35 millions…eggssackley the currant losses…soo the grauneead is hear fourevah
The Editor’s redundancy pay is a capital sum to deduct from £600,000,000. So he might be on the money.
The BBC will step in with pots ad. money (out of our pockets).
If the Gruan does fold, expect to see the usual suspects (Toynbee, Moonbat, Milne et al) appearing on the BBC even more often than they do now.
_|
what is the justification for a BBC tax?
it’s funding is huge.
I find being on the monetary committee so taxing. I try to avoid any questions on tiny tiny tiny tax avoidance.
There, there, we understand. That is why we would like to see Stemcor added to the list so they can answer the PAC questions.
What a delightful and good looking young chap in the video.
He looks like boyband material to me,and would go places in “One Direction”
Actually it prompted me to check when the “Podgy, clueless-looking cun*t of the year award” show was being broadcast.
I think I may have seen a winner.
You’re both wrong — he’s last year’s winner of a TV reality show sponsored by Bosch hedge-trimmers. His hair’s a mess now, but back then it was clipped into a topiary replica of the Cutty Sark in full sail, complete with sailors in the topgallants and a following flock of seagulls.
It’s MEGA AMAZON TAX AVOIDANCE DAY today.
Anyone who is on PAYE is a fool and a government serf.
Government piss money away, it’s what they do. The bigger the government, the bigger the theft and waste. Wise up and minimise you tax obligation to the max, get out of PAYE serfdom.
I hope they get Gordon Brown to broker the deal.
He might just about mange a big pooh and get it all in the commode.
That’s all I hope for.
May I just commiserate with the loss of a great publication.
The Dandy prints their last offering tomorrow- 75 years of pure enjoyment.
Re Auto Trader- who cares?
The world ended when Exchange and Mart popped their clogs.
The bastards!
How I’m I supposed to pay all the alimony for my 3000 odd illegitimate kittens now!
I didn’t realise that things were that desperate! Could it keep going a little longer if I cut back on the cow pie a little?
You always were a big greedy bastard.
Well, with a £100’000 a day cash burn rate it will be 6000 days before the magic money tree is bare. Presuming they get £600 mill, that seems excessive – Auto trader can’t be worth £1.2 billion, surely.
Plus, now they have that cash, they’ll probably want to buy even flashier headquarters, with even wankier inspiration spaces.
16 years. I can wait.
When will they fold the print division I wonder? I can only imagine their sad little faces as St Alan of Rusbridger sits them down to inform them they are out of a job, because no-one actually wants to buy their product in numbers.
Wait for the whines to start. Progressive media license fee now! Internet tax! Etc!
I doubt it will be as long as 16 years – more like 16 months.
Even the GMG board must have some basic kind of grasp on ecomonic realities.
SS Manchester Guardian is holed below the water line.
God fuck all who sailed in her.
economic realities
It’s ecomoronic these days mate.
In the GBP 600m model – have we deducted tax from the money tree ?
Um, hello? It’s us, The Guardian?
Worthly left wingers like us don’t need to pay taxes, we are just doing far too much in the way of good works for such trivialities.
That Starbucks on the other hand…
Any more of this scurrilous tax nonsense and I will take action, it is defamatory and deeply worrying.
What you seem to be missing in your calculations is the profit Auto Trader brings in, which once sold will no longer occur. Hence the losses to the group will I presume, increase quite substantially.
Seems to me they are trying to cash their chips before Murdoch’s spoiler arrives to ruin the party.
Buyer beware…
IIRC The Naurgiad itself loses £100K per day. If it is drawing down from a fixed pot it will last approx 15 years. Not sure what the cashflow is like for the group aside from the Naurgiad and Auto Trader.
Of course, they won’t let it dwindle to nothing. Socialist vanity project or not, the players will want to walk away with something. At the same time, the ikkle liberal elite working at the place will have £ £ popping up in their eyes as that cash comes in. Like all true Hobsbawm acolytes they will be demanding the best of all things as everything turns to shit so an even bigger, tartier office beckons.
Most interesting thing is when they fold the print wing. Yes, it’s expensive but it also brings in the bulk of the ad revenue. It is also the source of their bragging rights; The Guardian web site / blog does not sound quite as impressive as being a Newspaper and advertising will truly collapse once the presses stop running.
The main thing is they are now circling the plug hole, with no water splashing into the sink any more.
One of our greatest analytical minds and an undoubted an intellectual, Lord Prescott of Faeces, is linked to great things happening in China…… time for praise and not questions
As far as Prescott goes, the only ‘great thing to happen in China’ is when he takes his morning dump in a chamber pot.
too broke goyim
Kate Middleton has said if she has a boy she will call him by the most popular British boys name at the moment.
We look forward to the arrival of baby Mohammed.
Seriously, Harry. Combs cost like 50p or something.
Funny that, according to the BBC we are all poor bordering on poverty, but still manage to spend £10,000 every second on tinternet Christmas shopping
If the BBC says we are so poor, then how many people get the tv license free?
Every paper should be controlled except the Guardian.
That’s Jimmy’s line I’m sure.
Kick leveson into touch.
http://epetitions.direct.gov.uk/petitions/42582
Not so easy for Donald Duck, Joseph Vissonariach Stalin, and Michael Mouse to sign.
£600Million – So to conform with Guardian Media Group best practice, that will be in cash, in standard brown envelopes for later stashing offshore!
We will party hard when the graun finally goes down the pan.
I intend to see to it that my corridor is littered with emptied champagne bottles.
http://fxbites.blogspot.co.uk/2012/12/england-expects.html
Oh Dear Polly soon facing redundancy then.
Nah, the BBC will continue to employ her to spout utter bollocks.
Leave Guardian alone. *angry face* I totes luv it. *great paper* Me and John read it evry day. *grins* Logging off now. Got busy evening planned. *gets on knees closes eyes awaits bukkake*
Moo
Mitt Romney is bored no more – he’s landed a new job. He’s on the board of Marriott International.
Can’t wait for Kate’s breasts to become full and blooming during her pregnancy. Wouldn’t mind sucking on the Royal tits.
As opposed to the royal tits sucking on us. Makes a change, anyhow.
Jonathan Reynolds confessed at 19.58hrs in the HoC debate that he’ read The Spectator and the Guido Fawkes blog and enjoyed them both’.
His good judgement is questionable by dint of the fact that he is sitting right next to me.
I’ll thue, and I’ll thue, until I am thick.
As a result of the measures I will announce today, public sector net borrowing will be: £149 billion this year, falling to £116 billion next year, then £89 billion in 2012-13, and then £60 billion in 2013-14. By 2014-15 borrowing reaches £37 billion, exactly half the amount forecast in the March Budget. In 2015-16, borrowing falls further to £20 billion. As a share of the economy, borrowing will fall from 10.1 per cent of GDP this year to just 1.1 per cent in 2015-16.
“Tories vow to match Labour spending
Mr Osborne’s pledge comes as the Prime Minister vowed to reach beyond Labour’s traditional base By Brendan Carlin, Political Correspondent
12:01AM BST 03 Sep 2007
The Conservatives sought last night to destroy Labour claims that they would cut public services by issuing a formal pledge to match Gordon Brown’s spending plans.
“Today, I can confirm for the first time that a Conservative government will adopt these spending totals,” the Shadow Chancellor said.
but that was before the conservatives realised labour made spending promises such as 2 new aircraft carriers before the election to bolster the labour vote
Not to mention all the off book PFI shite. I mean 12 billion for 8 RAF tanker planes we won’t even own, what genius came up with that one?
“Apax acquired a 49.7% stake in TMG in 2007 in a deal which valued the company at more than £1.3bn. It is unclear how much the latest talks are likely to value TMG at, although industry sources speculated that the GMG stake would be worth in the region of between £500m and £600m.”
If APAX is the only buyer then it would pay towards the lower end, no media group at this point has the money to buy this, and APAX is not going to let someone else take control, so its a buyers market.
Its amazing how the guardian has blown all the money it made during the boom years, it does not even own its own building.
I reckon it will survive for at least 20 years, but the quality of journalism will decline even further, with the observer getting closed down in the next 5 years.
In 2010 TMG reported pre-tax loss of £503m – mainly due to £463m charge on the magazine.
In 2010 90% of trade was digital.
In Oct 2010, Apax were looking for £2bn sale within 2 years – possible IPO by 2012 – no doubt hoping for a recovery in economic conditions and linear revenue growth.
TMG currently has outstanding debts of £637m, and total semi-annual revenues of £127.7m (~£255.5m pa) .
Overall revenue has been falling by 3.7% pa since 2007.
Digital revenues have been growing by 4%, and currently account for 83% of total revenue.
As a whole, valuation of TMG is interesting question due to the companies decreased net profitability as indicated by reduced revenue, increased debt burden and decrease in proportion of higher profit online sales.
Unit production costs on the magazine will also be higher than in 2007. (Circulation has halved to c. 85k)
Advertising revenue has likely also been reduced since the Motor Traders Advertising Union complained about advertising cost increases back in 2011, and recommended dealers boycott placing ad’s in TMG publications.
The 50.3% stake is likely worth more towards the £450m – £550m level, perhaps less given the buyers market factor.
Chris Huhne in court over speeding charges
Former energy secretary Huhne attends pre-trial hearing over claim he persuaded his ex-wife to take speeding penalty points
http://www.guardian.co.uk/politics/2012/dec/03/chris-huhne-court-speeding-charge
YEEEEEEEEEEEEEEEHAAAAAAAAAAAAAAAAAA !!!
Perverting the course of justice carries a maximum sentence of life imprisonment.
Here’s hoping.
(flapflapflap) DOYOURBIRD!!! (scrittle)
For a member of the parasitocracy, perverting the course of justice carries an acquittal and the offer of an obscenely highly paid EU sinecure by way of apology for the inconvenience.
Here’s expecting.
para.site.ocracy.
one day the anger will be excessive
but then one has to be strategic with au,tho,ritte
|
Wow, that didn’t take long.
Oh dear the failed PCC candidate for ‘umberside appears to have his won tons in a twist with despatches. And his son too. Wonder if Tracy went along for the ride ???
Ah mean Tony’s gonna get his son into a safe Libor seat and so is Jack Straw and Harriet is as well plus Hilary Bernn’s gonna get a job for his daughter so ah mean the least now we want is MY son David to get a nice cushy job in a difficult Libor seat like Rottenham fnaar fnarr Pauline says we need a Prescott dysentery just like them nasty Tories used to just pass on their seats to their kids we need the same for us too
We deny any rumour that a classified inquiry into the security risks posed by telecom suppliers has been conducted, which would include Huawei.
If it really WERE the White House, they would spell it “rumor.”
Do “humor” the Americans on this one, and spell it their way when you purport to be writing something they’re saying.
This must be the nfreaking headline of the year -
Porn Company Offering Sex-Ed With Live Demonstrations
12.03.12 4:36 pm
Story over at SFist – been running for a while – no need to bring your own lube / sanitizer – lecture first before the show – if your in town check out the Armory building before this gets shut down – currently they are sold out.
well prezza knows how to make money out of the Chinese.
graudian needs to employ him so they can get on board this international troughing ship too!!
Auto Trader valued overall at £1.2 billion ? Yer ‘aving a laugh.
Kick the tyres, mate.
Oi! You keep your sticky fingers orf my aerial.
Ex Man Guard must be the most asshole of newscrap ever.
Lets hope that with the selling off of auto thingy they will go under.
Georgie Porgie gets his day tomorrow will he won’t he re appropriate taxes step up to the plate.
Levinson charade,noticed earlier that the house was crowded NOT although I did see fatso watsonion there.
Top companies not paying their fair share of tax according to the chair of the select committee,how the hell that woman can have this brass neck to complain is really stretching it,think about your company interests missus.
Prescotty/son re China,lets see what happens.
Kate preggers,will this be the main story tomorrow,hope not as it’s been natural since time began.
Israel playing politics again,tell em to feck of and paddle their own canoe without help from others.
Red Ed and jumping on a bandwaggon re affected families in this hacking caper is about as low as you can get for political advantage,I don’t know about birdshit on his top but he continually proves he has birdshit for brains.
I refer to the ‘Bring it on Hodge’ blog – much more fun being had over there.
Are they at the Guardian too fucking stupid to realise the Auto trader is not worth a carrot.
It is Apax who are buying – by this logic the Grauniad are being quite shrewd.
Well the FT has pink pages if it’s any constellation.
Like the Milfy Way you mean??
I see Robert Smith has forgotten to put his make-up on again.
Have I got news for you on the fecking beeb – anyone think the modern canned laughter spoils it? That is if it is funny anymore – quite emporers clothes it has become, after 1994. Fecking BEEB Pathetic it is!
Have I Got News for You on the beeb canned laughter – fucking pathetic it is. Was alright it was, but lost it’s way after 1994.
No thanks. Otherwise I can’t continue to
blightenhance the country with wind farms and raise your energy billsI’m going to spend, spend, spend, spend, spend, spend, spend, spend, spend, spend, spend, spend, spend, spend, spend, spend, spend, spend, spend, spend, spend, spend, spend, spend, spend, spend, spend, spend, spend, spend, spend, spend, spend, spend, spend, spend, spend, spend, spend, spend, spend, spend, spend, spend, spend, spend, spend, spend, spend, spend, spend, spend, spend, spend, spend, spend, spend, spend, spend, spend, spend, spend, spend, spend, spend.
It’s the right thing to do and I’m going to just get on with the jobby.
Hoots mon!
thir, i thalute you!
This is my choice when I am invited onto Desert Island Dicks…
As someone who feels a strong affection, respect and affinity to my cultural heritage I can only take a small dose of the traitorous brown-wipe before I get too unhealthily angry.
ha ha ha?
Merton near Wimbledon is a nice place, then?
Merton is a hunt – can’t stand the fella – have I got news for you pal – you are well past your sell by date, you comfortably puppet beeb nonse!
All on Hold now that Kate is preggers.
I once had lunch with that Alan Rusbridger. I had oysters – slurped down with a glass of Oyster Bay Sav whilst my guest sipped warm water and watercress soup.
We agreed that BBC and Guardian would still be around in a 100 years. Cheers.
Sometimes I manage to fit in half an hour’s work at the BBC each month.
http://www.haaretz.com/news/diplomacy-defense/britain-france-sweden-summon-israeli-ambassadors-over-settlement-expansion.premium-1.482121
Another day,another bloodbath for the FTSE !!!!!
FTSE 100 5853.70
Down
-17.54 -0.30%
For the hard of hearing,I repeat that there is no Plan B.
For the hard of understanding
LABOUR FCUKED THE BRITISH ECONOMY
As well as the Britsh culture.
The degree of the fraud pulled off on the British people by the Blair/Mandelson/Brown Ponzi scheme has yet to be fully appreciated
http://www.dailymail.co.uk/news/article-2242421/Andrew-Haldane-Bank-bosss-view-financial-crisis-left-debt-paid-grandchildren.html
And what are the three doing? Influence peddling to get filthy rich
Revolting…
Blair is the British version of the Russian oligarch. Vast accumulation of riches through contacts built up during a period of so called public service. Prepared to do business with anybody with a wheelbarrow of $ and no questions asked. Favours Cayman Islands as financial base. Personal protection, outriders and last but not least a fat ugly wife who likes shopping.
Do not be fooled by the veneeer of the Blair charities which exist as part figleaf and part job creation scheme for family and friends
I had lunch with Blair but he did not have the oysters preferring the caviar. Greedy bastard.
Blair is an amateur. I am top boy when it comes to corruption.
In the big lie there is always a certain force of credibility, because the broad masses of a nation are always more easily corrupted in the deeper strata of their emotional nature than consciously or voluntarily.
I wish people would stop implying that my friend Lord Prescott is a corrupt lying money-grabbing scumbag. He’s as honest as I am.
Chub chops