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Will the Guardian go bust?
While The Guardian’s print circulation is in decline, the report indicated that news from The Guardian, including that reported online, reaches more than 23 million UK adults each month….The Guardian.
The Guardian front page on 28 May 2021 | |
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Website | theguardian.com |
Media of the United Kingdom List of newspapers |
How is the guardian doing financially?
In a challenging year, GMG increased readership, increased revenue and reduced adjusted net operating cash outflow – its primary financial measure – to £15.6m (2020: £29m). The results show: This growth contributed to a 61\% increase in digital reader revenue to £68.7 million (2020: £42.6m)
How much funding does the Guardian get?
The Guardian — through its U.S.-based philanthropic arm theguardian.org — raised $9 million between April 2020 and April 2021. Rachel White, who has been president of theguardian.org since its founding in 2016, said every single project was renewed. New multi-year reporting projects were funded and launched, too.
Is the Guardian newspaper not for profit?
Guardian Media Group is ultimately owned by the not-for-profit Scott Trust, which provides up to £30m of cash every year from its long-term investment funds to support the media business.
How much is the Scott Trust Worth?
As of 1 April 2018, the value of the Scott Trust Endowment Fund was £1.01 billion, down slightly from £1.03bn in 2017.
Which online company is the Guardian newspaper article about?
Guardian Media Group
It contains nearly all of the content of the newspapers The Guardian and The Observer, as well as a substantial body of web-only work produced by its own staff, including a rolling news service….TheGuardian.com.
Type of site | Online newspaper |
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Available in | English |
Owner | Guardian Media Group |
Created by | The Guardian |
URL | www.theguardian.com |
Who finances the guardian?
the Scott Trust
The Guardian is owned by Guardian Media Group, which has only one shareholder – the Scott Trust. The Scott Trust, named after our longest serving editor, CP Scott, exists to secure the financial and editorial independence of the Guardian in perpetuity.
Who sponsors the guardian?
What happened to the Guardian?
Historically skeptical of American power, with its self-righteous worldview and reputation as a mouthpiece for Oxbridge-educated liberal leftists, The Guardian has always been a niche product. For decades, its editorial stance turned off much of the British mainstream. Yet, the paper survived, and even thrived, as a premium product.
Photograph: Maureen McLean/REX/Shutterstock A third English local authority has declared itself effectively bankrupt after the discovery of a “catastrophic” £100m black hole in its budget – the result of what it admitted had been years of poor financial management and mishandling of commercial investments.
Is the Guardian’s Open and free?
Rusbridger’s “open and free” philosophy on the distribution of content has failed. With no pay wall, The Guardian has relied on digital readership growth to generate advertising revenue. However, there’s simply not enough of it. Thus, the paper lost $75 million in the twelve months to March 2016.
Why is the Guardian not paying its way?
Today, The Guardian’s influence is global and it now rivals American companies like The New York Times and CNN in online popularity, despite its home market being five-times smaller. The problem is that it’s not paying its way. Rusbridger’s “open and free” philosophy on the distribution of content has failed.