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A piece in the FT today sheds a little more light on the financials of Guardian News and Media as it seeks to stem losses running at over £33m a year.
In the middle distance, a different kind of Guardian Media
Like many of the old guard Fleet Street commentators, Stephen Glover frequently talks nonsense when confronted by financials.
Trinity Mirror paid Guardian Media Group £7.4m for its regional newspapers business on 28 March. As of 4 July
Tomorrow, when Guardian Media Group publishes its annual accounts for the year to March 2010, those who regard The Guardian as a perverse charity that distorts competition will argue that not much has changed.
To say the least, the notion of 'switching off the presses'is simplistic.
See below for updates on this story. . .
Conventional wisdom suggests that the Guardian will emerge as one of the champions of free-to-air digital content when the Times and Sunday Times erect their paywalls in June.
Guardian Media Group isn't known for losing bosses. Yet it's been a busy 12 months at the top of the company.