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October 04 2010

12:00

Stephen Glover: The Guardian can’t go on like this

Interesting take on the Guardian’s business model from Stephen Glover in the wake of Trader Media Group (TMG) writing off £463 million of the value of its magazine – TMG is part owned by Guardian Media Group.

Maybe GMG will be able to bankroll its national papers for ever. Personally, I wouldn’t count on it, especially if more of its investments go wrong. The trouble is that there seems to be no one in the Scott Trust or Guardian Media Group or on the papers themselves able or prepared to stand up and say what is blindingly obvious to everyone else in Fleet Street – that these newspapers are continuing to live dangerously beyond their means.

Full piece on Independent.co.uk at this link…Similar Posts:



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