Bloomberg News

Guardian Media Group May Have to Cut Jobs, Sunday Times Reports

June 24, 2012

Guardian Media Group Plc may cut jobs after reporting losses in its last fiscal year, the Sunday Times reported, citing unidentified people with knowledge of the matter.

The owner of the U.K.’s Guardian and Observer newspapers may report losses of about 45 million pounds ($70 million) for the year through March, the paper said.

To contact the reporter on this story: Clementine Fletcher in London at cfletcher5@bloomberg.net

To contact the editor responsible for this story: Sara Marley at smarley1@bloomberg.net


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