The Guardian’s Parent Company is Poised to Unveil a Record Loss

The Guardian Media Group (GMG), owner of The Guardian and The Observer, is set to announce a record pre-tax loss of £173 million ($228 million) on Wednesday.

The Financial Times has seen earnings figures circulated to senior executives at GMG and reported that the losses are set to be higher than expected. It did not provide an update on GMG’s revenue.

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