Guardian digital revenues hit £70m

Publisher of the Guardian and Observer to announce 25% rise in revenues in year to end of March 2014The Guardian is expected to report an increase in digital revenues of more than a quarter to almost £70m in the last year, as the future of its national newspaper titles is secured for the forseeable future following a £619m cash injection.Guardian News & Media – the publisher of the Guardian, Observer and the theguardian.com – will report a 25% rise in digital revenues from £55m to almost £70m in the year to the end of March 2014.The Guardian's monthly web browsers stand at more than 80 million, less than half that of the world's largest newspaper site Mail Online, which says it expects to hit £60m in revenues by the end of September.The increase in the Guardian's digital revenues comes as the publisher confirms the safety of its print potfotlio, as the company offcially reveals that the sale of 50.1% of the parent of AutoTrader to joint venture partner Apax will net £619m."We can look forward to an era of editorial innovation from the Guardian titles, which are proven pioneers of both journalism and digital distribution," said Dame Liz Forgan, chair of the Scott Trust, "The unique contribution made by the Guardian to national and international debate is now secure for generations to come."Guardian Media Group, the parent of the publisher of the Guardian, sold its remianing 50.1% stake in the parent of AutoTrader group to five-year partner Apax in January."Completion... Continue reading at 'The Guardian'

[ The Guardian | 2014-03-04 00:00:00 UTC ]
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