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…




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Quote of the Day

Philip Hammond uses a trip to Berlin to mock the Foreign Secretary:

“A compromise is the art of dividing a cake in such a way that everyone believes he has the biggest piece. Wise words with some applicability to the Brexit negotiations although I try to discourage talk of “cake” amongst my colleagues.”

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