The Guardian, home of George Monbiot and every NGO’s go-to title for climate alarm, is in trouble:
On Thursday, Guardian News and Media (GNM) announced that The Guardian and its sister paper, The Observer, had lost £33m in cash terms last year after failing to staunch losses that ran to £34.4m the year before. Unaudited results for the year ending 31 March showed that GNM’s revenues, fell to £198m last year compared with £221m the year before.
Circulation (print sales) is down year on year and declining each month. There is talk of job cuts.
But wait, what’s this:
In truth, the only reason The Guardian has been able to carry on as long as it has done without making savage cuts is because it has been subsidised by large profits from Auto Trader, which is owned by GMG. Lorna Tilbian, a media analyst at Numis, said: “The Guardian is being artificially propped up by Auto Trader and they will have to change things because a good, vibrant business shouldn’t need to reinvest every penny it generates.
A business only viable because of subsidies? What is this, a newspaper or a wind farm?
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Perhaps George will be forced practice what he preaches, and get a smaller house….
http://hauntingthelibrary.wordpress.com/2011/01/04/hypocrite-george-monbiot-condemns-large-expensive-homes-except-his-own/
Perhaps George will be forced practice what he preaches, and get a smaller house….
http://hauntingthelibrary.wordpress.com/2011/01/04/hypocrite-george-monbiot-condemns-large-expensive-homes-except-his-own/
Must be a typo here. Surely you mean the “Electric Auto Trader”, as the Guardian would never sully its hands with money made selling internal combustion vehicles.
Or is this one of those cognitive disassociation kinda things?
“The Guardian… is in trouble”
“Arguably, we are just as inexorably in the end days of Fairfax…”
http://www.theaustralian.com.au/business/opinion/incoherent-fairfax-faces-its-final-days/story-e6frg9if-1226077366398
Same problem, same reason. Unrelenting advocacy for mantras of the Left. An editorial from The Australian admirably captures the long standing journalistic abuse, most notably, by The Sydney Morning Herald and The Age.
http://www.theaustralian.com.au/news/opinion/fairfax-shows-how-not-to-run-a-serious-newspaper/story-e6frg71x-1226075919971