Guardian to cut £54m of costs and introduce paid-for content

The Guardian will cut costs by 20 per cent, and could make some of its journalism available only to paying members, after a sharp fall in print advertising hit the newspaper’s financial performance.

The left-leaning publication, which has built one of the world’s biggest news sites, said it expected to record an operating loss of between £50m and £52m in the year ending in March.

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