The Guardian Lost $50 Million Last Year

Posted
By: Chris O'Shea | MediaBistro.com

The Guardian is widely respected for breaking such huge stories as the News International phone hacking scandal, but Alan Rusbridger, its Edit0r-in-Chief, knows that while admiration is nice, money is necessary. He tells New York that the fantastic paper lost a whopping $50 million last year, and if things don’t change, it might be forced to fold in five years.































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