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al-Guardian has a >$200M Loss for 2015 with more for 2016
[FinancialTimes] Guardian Media Group (GMG)'s total pre-tax loss will hit £173m as the group belatedly writes down about £80m in the value of its stake in Ascential, the publicly quoted magazine and events company, and takes a £20m restructuring charge over severance payments....About 270 employees in the UK have agreed voluntary redundancy and GMG is also closing 60 unfilled vacancies. This equates to 20 per cent of the UK workforce...
Posted by: lord garth 2016-07-25 |
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| http://www.rantburg.com/poparticle.php?ID=462902 |