Guardian Media Group to report operating loss

Guardian Media Group’s national newspaper division, Guardian News & Media, is set to report a loss of about £35m for the financial year to the end of March.
The loss was revealed at a staff briefing given by the Scott Trust, a private company tasked with keeping the Guardian financially and editorially independent.
GMG has a 30% stake in Emap, the business-to-business publisher and events company, which is due to make a £100 million profit, said the report, while Trader Media Group, in which it has a just over a 50% stake, will also make about £100 million profit.
GNM display advertising revenues have fallen by about 30% year on year during the last financial year, while recruitment revenues have fallen by about 40%, the report said.