Guardian Australia cuts losses, announces first profit since launch
Guardian Australia has announced its first operating profit since launch in 2013, finishing the latest financial year with $700,000 in profit.
It is the first time Guardian Australia – which survives through a combination of advertising and contributions from readers – has achieved a profit since the company arrived five years ago. The Guardian Australia has said the profits will be invested back into journalism.
The Guardian Australia’s relaunched its website and rebranded earlier this year
Great news and now with the 9/ Fairfax (takeover?) and the audience sure to shift, the Guardian will become a far greater and even more valuable entity for credible journalism in Australia.
#keepthebastardshonest
I read somewhere the other day that Hipsters (aka the progressive modern mainstream) in the USA, following on from buying vinyl records and cassette tapes are now buying hard copy newspapers…..
Might be time for the Guardian Australia to launch a paper edition!!