Guardian Media Group to stick with Australia despite earnings slide

Original article by James Chessell
The Australian Financial Review – Page: 10 : 27-Jan-16

UK-based Guardian Media Group expects to post an operating loss of Stg53m ($A106.6m) for the year to 31 March 2016. The newspaper publisher has attributed the bearish outlook to a decline in print advertising revenue and lower-than-forecast growth in online advertising revenue. The group aims to reduce costs by 20 per cent, although a spokesman says it remains committed to its Guardian Australia website.

CORPORATES
GUARDIAN MEDIA GROUP PLC, NEWS CORPORATION – ASX NWS, FAIRFAX MEDIA LIMITED – ASX FXJ, UNITED STATES. NATIONAL SECURITY AGENCY

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