Guardian Media Group’s Losses Total £173 Million

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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?


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