by: Dan Sabbagh | Guardian.co.uk

The Guardian and the Observer lost £44.2m last year as investment in digital publishing – including iPad, Facebook and Android apps – contributed to a deepening of losses at the national newspapers that could not be offset by double-digit growth in digital revenues.
 
Alan Rusbridger, editor-in-chief of the titles, said the newspapers would aim to save £7m from editorial expenditure in order to help reduce the deficit, while the publisher will seek between 70 and 100 journalist redundancies from a workforce of about 650 via a reopened voluntary program.