July 17, 2012
Guardian and Observer report losses of £44.2m

See on Scoop.it - Day by Day

Investment in digital publishing contributed to deepening of losses last year despite double-digit growth in digital revenues.

The Guardian and the Observer lost £44.2m last year as investment in digital publishing – including iPad, Facebook and Android apps – contributed to a deepening of losses at the national newspapers that could not be offset by double-digit growth in digital revenues.


See on guardian.co.uk