UK Guardian group's digital revenues surpass print

July 24, 2018
British Guardian MEdia Group said that voluntary financial contributions from online readers helped its digital revenues surpass print for the first time

The British newspaper group that owns The Guardian said Tuesday that its digital revenues had outstripped print for the first time.

Guardian Media Group, which owns the daily and its Sunday sister paper The Observer, said the change was fuelled by online readers increasingly making voluntary financial contributions.

GMG said its digital revenues, which include contributions and online advertising , hit £108.6 million ($142.7 million, 121.9 million euros) in the last financial year.

Its income from printed newspapers and its events business brought in £107.5 million.

The group said it had 570,000 members who gave regular financial support online, while its income was boosted by 375,000 one-off contributions from readers in the past 12 months.

The Guardian has a print circulation of 140,000, the 12th-biggest among Britain's daily newspapers. The Sun has the biggest circulation at 1.5 million.

GMG chief executive David Pemsel said the company's focus was on The Guardian's 10 million regular online readers.

The company has made savings over the past financial year through voluntary redundancies and switching the edition from a Berliner to a tabloid format.

"When you were losing the sort of money we were losing historically, combined with the challenges in the advertising market, and structural decline in readership, that legitimises trying to make sure the headcount is at the right level," said Pemsel.

Explore further: UK's Guardian daily goes tabloid to cut costs

Related Stories

US newspapers gain online, but print lags

October 31, 2012

US daily newspapers gained online readers over the past six months, but not enough to make up for declining print circulation, industry data showed Tuesday.

Murdoch's Sun tabloid to go behind paywall

March 27, 2013

Britain's top-selling newspaper The Sun, owned by Rupert Murdoch, is to start charging readers for access to its website, a spokeswoman confirmed on Wednesday.

NY Times gains in otherwise grim newspaper sector

April 30, 2013

The New York Times, boosted by gains in digital readers, rose to the number two spot among US daily newspapers in a sector still struggling with falling print circulation, industry figures showed Tuesday.

Recommended for you

Semimetals are high conductors

March 18, 2019

Researchers in China and at UC Davis have measured high conductivity in very thin layers of niobium arsenide, a type of material called a Weyl semimetal. The material has about three times the conductivity of copper at room ...


Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.