The Guardian is Burning Through Cash

After a summer of steep job losses, staff in the Guardian newsroom are anxious about their future, but there may be worse to come.

The loss-making paper is burning through cash at an alarming rate — £48 million in negative cashflow in the first half of the latest financial year, according to internal figures seen by POLITICO — and insiders say they’re gravely concerned despite management’s assurances that costs are being brought under control.

RSS
Follow by Email
Facebook
Facebook
Twitter
Visit Us
LinkedIn
Read More

Leave a Reply

Your email address will not be published. Required fields are marked *