New Statesman – does the Guardian have a future?

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Yet there is another side to the Rusbridger story, and to the Guardian’s. The newspaper, its Sunday sister, the Observer, and their digital operations recorded operating losses (before tax and exceptional items) of nearly £37m in the year to April 2011, up from £32.5m the previous year. A still bigger loss is expected to be announced for 2011-2012. Andrew Miller, chief executive of the paper’s parent company, Guar­dian Media Group, warned staff in 2011 that the company “could run out of cash in three to five years” and repeated in February this year that the financial position was “not sustainable”.

via New Statesman – Exclusive: Alan Rusbridger profile by Peter Wilby.

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