Not sure how many readers there are here but I thought I would share this. The Guardian which has a tendency to be viewed negatively in this forum has apparently been making record losses (
Source).
This hit home as the Guardian Media Group (GMG), its parent company, announced pre-tax losses of £173m ($264m) on July 27th, its biggest ever dip into the red. Some £104m of this comes from GMG writing down the value of its stake in Ascential, a publicly listed information and events company, as well as additional restructuring costs. But that still leaves GMG with a loss of £69m. And given the Guardian’s substantial presence online, the decline in GMG’s digital revenue, from £84m in 2015 to £82m, may be of most concern, even though for now the fall is slight.
The Scott Trust, GMG’s sole shareholder, is tasked with protecting the newspaper in perpetuity. But GMG’s cash and investment funds declined from £838m in 2015 to £765m this year. It is not lost on anyone, including the paper’s journalists, that the money could continue ebbing away, even raising the possibility of the Guardian closing.
Frankly, I am not surprised. The paper seems happy to push ahead with various forms of angry leftists which often villainise men while pushing ahead with the obligatory victimhood narratives for everyone else. I do read it as it is better than a lot of the alternatives but I won't be shedding any tears at its demise.