LONDON: Britain’s Guardian newspaper is considering becoming a tabloid and outsourcing printing to a rival such as Rupert Murdoch’s News UK as one of a series of options to cut costs, sources told Reuters.
Britain’s EU vote to decide political and economical future of Europe
Publisher Guardian Media Group (GMG) said last year it needed to make savings of 20 percent to stem underlying losses that widened to £62.6 million for the year to April 3. It said it was aiming to break even in three years.
UK GCHQ Intelligence agency spying on Israeli Military
“The company is working on a whole range of efficiency projects and the print programme fits into that,” one source close to the company said on Monday.
GMG prints both the Guardian and its Sunday stablemate The Observer on special presses bought more than 11 years ago when it switched from a broadsheet to the mid-sized Berliner format.