Thanks footsie9 Mar 2015 09:18
Very good insight and helpful posting for us. Read the following on Google finance this am re. GMG and the hope is Mr Highfield etc are ahead of the game and I think they are.
LONDON (Reuters) - Britain's Guardian Media Group (GMG) expects its losses to increase in the next few years as it invests to keep up with the rapid pace of change ripping through the newspaper industry, its outgoing chief executive said.
Guardian's digital revenues hit £80m but losses remain around £30m CampaignLive
Guardian and Observer publisher to keep losses flat as it invests in future The Guardian
Footsie posted a while ago about the need for consolidation in the industry and he has to be correct. Will it be to the benefit of shareholders? Time will tell, however we all need news, information and advertising space so someone will win at some point in time, it is not all doom and gloom. GL all.