Guardian Media Group’s Losses Total £173 Million

guardian logo

The FT reports that write downs and one offs took the Guardian Media Group’s losses last year to £173 million. Operating losses at the Guardian itself were £69 million – over a million quid a week. Unsurprisingly the redundancies have hit 20% of the staff – headcount had reached over 1000 employees. The question is will they retrench or continue the global expansion (of losses) in America and Australia?




Tip offs: 0709 284 0531
team@Order-order.com

Quote of the Day

Michael Gove on Tom Watson:

“Tom believes Rupert Murdoch picks the England cricket 1st 11 and England rugby 1st 15, as well as deciding who’s on Britain’s Got Talent.”

Sponsors

Guidogram: Sign up

Subscribe to the most succinct 7 days a week daily email read by thousands of Westminster insiders.
Sunday Shows Sunday Shows
Caitlin Moran Calls Her Readers “C*nts” Caitlin Moran Calls Her Readers “C*nts”
LibDems Call Like An Egyptian LibDems Call Like An Egyptian
You Won’t Believe Which Political Site is Most Viral… You Won’t Believe Which Political Site is Most Viral…
Russell Brand Has Endorsed Corbyn And The Tories Won’t Be Worried Russell Brand Has Endorsed Corbyn And The Tories Won’t Be Worried
New Dates for Andrew Neil Interviews New Dates for Andrew Neil Interviews
Katie Perrior Joins News UK Katie Perrior Joins News UK
Kelvin on Way Out Kelvin on Way Out
McDonnell Denies Being Marxist McDonnell Denies Being Marxist
Osborne’s First Front Toned Down Osborne’s First Front Toned Down
Isabel Oakeshott: Wikipedia is Hotbed of Fake News Isabel Oakeshott: Wikipedia is Hotbed of Fake News
Radio 4 Gossips Link Peston to Today Radio 4 Gossips Link Peston to Today
Watch: Barry Gardiner Loses It on Sky News Watch: Barry Gardiner Loses It on Sky News
Appeal on Behalf of the Friends of George Miller Appeal on Behalf of the Friends of George Miller
Revealed: New European’s Plan to “Stir Up Controversy” Revealed: New European’s Plan to “Stir Up Controversy”