The Guardian is primed to cut its growing expenses after it reportedly spent £70m in 2015.
The FT cites a source familiar with the newspaper’s performance, claiming it took a hit from declining print ad sales, the rise of ad blockers online and difficulty in monetising mobile viewers.
Operating losses could be as high as £50m in the year ending March – a figure the top brass at the newspaper is intent on cutting over the next three years.
Among them is Katharine Viner who joined as editor in chief in 2015, replacing Alan Rusbridger to become the first woman to Read full story ›
Source: The Drum
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