Guardian Media Group will this week reveal a higher than expected full-year operating loss of £69m as the owner of The Guardian newspaper battles to bring its finances under control. GMG’s total pre-tax loss will hit £173m as the group belatedly writes down about £80m in the value of its stake in Ascential, the publicly quoted magazine and events company, and takes a £20m restructuring charge over severance payments
Guardian 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
Guardian, Observer and theguardian.com publisher to invest sale proceeds, thought to be £600m to £700m, in core business
Guardian Media Group, the publisher of the Guardian, has sold its stake in Trader Media Group to Apax Partners for around £600m to bankroll its loss-making newspapers and website
Private equity firm Apax is in talks with Guardian Media Group (GMG) about potentially buying the newspaper group’s stake in Trader Media Group, the publisher of Auto Trader, in a deal that could raise up to £600m
