The publisher of The Guardian newspaper, Guardian Media Group, has faced significant financial difficulties due to escalating costs and ongoing challenges resulting from declining print sales and weak advertising.
In the 12 months leading up to April 2, the company incurred a pre-tax loss of £47.5 million, a sharp contrast to the £142.7 million profit recorded in the previous year.
Challenging Economic Environment and Rising Costs
She cited revenue growth and an increasing rise in digital reader revenues worldwide as positive indicators.