Can free content save The Guardian?

Go to: Forums > News & Current Affairs: Business

There are 16 postings to this topic on our Member website and this page runs 7 days behind our Member website. For the full topic click to sign up to OUTeverywhere.

A topic from News & Current Affairs: Business

laresMon 03/10/11 11:18

"The Guardian has been losing money for years. But whereas the New York Times has begun charging for online content, the British daily has staked its future on giving away its journalism for free. The media world is watching with bated breath."

"The Guardian has been losing money every year since 2004. Last year alone, it and its sister newspaper, the Observer, lost more than €47 million. It's only thanks to the farsightedness and generosity of its former owners, the Scott family, that the paper hasn't gone bankrupt.

Since 1936, the paper has been funded by the Scott Trust. This structure has but a single aim: "To secure the editorial independence of The Guardian in perpetuity."

Many newspapers would like to be based on such a business model. The Scott Trust owns a number of lucrative companies, including the used-car magazine and portal Auto Trader. The profits generated on these are used to offset the heavy losses incurred by The Guardian.

"Our mission is to be profit seeking rather than profit finding," says Deputy Editor Ian Katz. Even CP Scott, the paper's owner in the early 20th century, believed it was more important to be influential than to turn a profit.

However, the Guardian's losses have become too big to absorb -- and in 2007 the Scott Trust was forced to sell some of its assets to refill its coffers.

Andrew Miller, a former consumer-goods industry manager and for the past year the managing director of the newspaper's parent company, the Guardian Media Group, recently warned that if the Guardian continued to make such heavy losses, the company would simply run out of money within five years."

laresMon 03/10/11 11:19

...and the link: http://1sq.me/qNixO1

There are 14 more postings on this topic on our Member website. For the full topic click to sign up to OUTeverywhere right now.

Enjoy chatting with our members

Click to join and start meeting people today

Imagine joining a social network of people from all around the country and see how you'll feel a year from today. You're increasing your circle of friends. You're doing more of the stuff you enjoy. You're having a great time meeting new people in your area. You're seeing all the benefits of becoming a member of OUTeverywhere. It still feels great making new friends and every day you're hearing more and more about the stuff that everyone's doing. You're joining in. Now, that was easy, wasn't it?

We make meeting people easy. Click to sign up to OUTeverywhere and get up and do something different!

PLEASE NOTE: Events are listed on this website on behalf of organisers in accordance with the Terms of Membership of OUTeverywhere and only if they have chosen broad publicity when adding their event to the Member Events calendar. As such, events are not necessarily affiliated to or endorsed by OUTeverywhere and may not be organised by the person who has listed the event: the person listing this event may simply be attending an event organised by another person or organisation and may wish to meet other people sharing their interest in the event. The mention or appearance of any person or organisation featured on these pages is not to be taken as any indication of sexual, social or political orientation of such persons or organisations. We cannot guarantee that the information is accurate and recommend that you always seek to contact the organiser directly to confirm full details of any event. Under no circumstances will we be responsible for any loss or damage resulting from reliance on, use or misuse of, the information on this website.

Our Vision | Our Team | Privacy Policy | Identity Theft Protection | Terms of Membership

Chat and Meet People

Get access to every profile and loads more pages when you sign up for free to our Member site.

Enter a few key words about what you enjoy, where you live, who you want to meet - search a small sample of OUTeverywhere:

Latest Shout OUT

Broadcast to the gay world with our public Shout OUTs service! Post on our member website or from your mobile phone and raise your profile.

John JB (nitesnake) from St Columb Major in Newquay in United Kingdom shouts OUT: "Older, young trendy 66, genuine, Cornwall for much younger. Fun, friendship poss more."

Events Calendar

< May 2012 >
S	M	T	W	T	F	S
		1	2	3	4	5
6	7	8	9	10	11	12
13	14	15	16	17	18	19
20	21	22	23	24	25	26
27	28	29	30	31

This Topic's Tags

Members tag topics with key words to help us find similar topics.