Guardian Media Group reports record profits after sale of stake in Trader Media

guardianGuardian Media Group (GMG) today reported full-year results showing significantly increased pre-tax profits of £549.2m for the 12 months ending March 30, 2014, following the sale of its 50.1% stake in Trader Media Group to Funds advised by its joint venture partner Apax Partners.

It’s Guardian News Media subsidiary reported reduced losses (Adjusted EBITDA) down 27% YoY to £19.4m. The companies overall revenues showed modest growth due to healthy online growth and flat print revenues.

For the full press release click GMG

For the press release about the disposal click Trader Media

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