Guardian Media Group reports $16.6m in Australian revenue after backing mixed-revenue model
Guardian Media Group has posted its Australian revenue figures for the first time, reporting a £9.3m income (AUD$16.6m), after expanding its Australian newsroom earlier this year thanks to what it called the ‘success of its mixed revenue model’.
The reporting is the first since the global group reached its goal of breaking even, with the company reporting a 3% rise in overall revenue.
Nice to see proper journalism doing ok.
“The Guardian is a fine newspaper and should be proud to reverse its losses, but by giving its product away for free it is preventing the news industry profiting from quality journalism.”
Who said this and how wrong are they?
Surely the prof would never be wrong!
Kudos to The Guardian and glad to see things are going well for them.