Guardian’s ‘Digital-First’ Means More Losses, More Lay-Offs

By: Robert Andrews | paidContent.org

Guardian News & Media is re-opening its voluntary redundancy program after its “digital-first” survival strategy‘s first year resulted in much higher company losses.

Operating loss grew 42 percent from £33.1 million to £44.2 million ($69 million) – blamed by the publisher on “investment in digital platforms and set-up costs for the five-year transformation program” announced in August 2011.