The Guardian delays pay rises in struggle to break even
Hmm.
The Guardian is attempting to avoid the full impact of staff pay rises this year as managers struggle to meet their pledge to end a long run of heavy losses.
The news publisher is in the final year of a three-year turnaround plan and chief executive David Pemsel and editor Katharine Viner are aiming for its operations to break even for the first time in two decades.
But of course all employers should be providing good jobs, at good pay, the capitalists and their profits be damned, no?
The finances of the Guardian are indeed entertainment sufficient to gladden any capitalist’s heart.
“Tries to end a string of heavy losses”–Go out of business would be my suggestion.
Why don’t they set up a bank? Then they could just create money!
It would need a heart of stone…
If they haven’t turned a profit for 2 decades that means the mid ‘90s when the Internet and more importantly WWW we’re about to take off. Google was formed in 1998.
So, either they were the very first victim of a company that had only just launched or their business model was crap and their failure nothing to do with the rise of the Internet.
*orders more popcorn*
How much tax did they pay last year, that’s what I want to know.
Remember the G is making a small fortune- having started with a large one.
Thankfully for them they avoided a great deal of tax on the sale of Auto Trader worth about £1.2 billion at the time.
Still, I’m sure all the staff will forgo their very jobs, let alone a pay rise, to enable the Grindad to come clean and cough up.
Couldn’t happen to nicer people
Another big corporation with no sense of social responsibility.
Well over 200 million in revenue, and they won’t be paying a penny in corporation tax. Yet again. And while attempting to impose austerity on the staff by ripping up a pay agreement.
We can only hope that Owen and others fight back against neoliberal farce.
I hope they’re being taxed on revenue and not profit.
None of these people can be let go:
https://www.theguardian.com/index/contributors
Because we have questions we need answered:
‘Fit in my 40s: is it a good idea to go running with my dog?’
As long as Moonbat is on staff, they aren’t serious.
And how did this article get in the Telegraph? Did the Guardian ask them to publish? The article has too many details to not have been provided by the Guardian.
In the interests of promoting the Guardian’s point of view, the following may be willing to offer their views for free. Many of them are, after all, fvcking minted.
Richard Ackland
Reza Aslan
Van Badham
Frankie Boyle
Adam Brereton
Emma Brockes
Oliver Burkeman
Megan Carpentier
Rebecca Carroll
Aditya Chakrabortty
Nick Cohen
Victoria Coren Mitchell
Barbara Ellen
Jonathan Freedland
Hannah Giorgis
Will Hutton
Simon Jenkins
Martin Kettle
Antony Loewenstein
Jeb Lund
Syreeta McFadden
David Mitchell
George Monbiot
Hugh Muir
Anne Perkins
Andrew Rawnsley
Eleanor Robertson
Rebecca Solnit
Jeff Sparrow
Ranjana Srivastava
Polly Toynbee
Jessica Valenti
They piss money away. Their event space in London, the American project. They have tons of people in King’s Cross who could be in Swindon like the web or app teams.
The media is going to end up being like Quilette, Red Letter Media and Guido. Run it with off-the-shelf stuff with a small number of people writing good content, and no chaff.
Talking of Guido, he’s been running a series of stories for the last week or more about the national Student’s Union also on the verge of going bust. This after (surely) their numbers being lifted lads by all the increase in ‘students’ over the last 20 years or so!
loads. Not lads.
Lockers,
The reason about 99% of people joined the student union was for the discount card. It easily paid for itself just on the National Express discount.
What’s happened over the past few years is that there’s other student ID cards that have appeared like ISIC cards, Studentbeans, all fighting for the same people.
The NUS has been fucked by individual unions dis-affiliating because the NUS appears to be run by Jew-hating lunatics. So, less money coming in, but the nutty spending goes on regardless.
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Edinburgh was non NUS for centuries, then post 2000 snowflakes voted to affiliate.
iirc
votes was something like 300 join, 100 don’t – ~9,000 students didn’t vote, probably didn’t even know there was a vote.
Surely the journalists at the Guardian will defend the staff right to have a pay rise against the evil owners determined to keep staff down.
How long can the Scott Trust support the Guardian?
“How long can the Scott Trust support the Guardian?”
A long time unfortunately. I think they have a billion in net assets roughly, and I don’t think they have many liabilities beyond the guardian.
Odd isn’t it. The Guardian is stuffed full of contributors who are constantly telling us how businesses should be run along fluffy unicorn and rainbow lines and how brilliant this would be and yet they don’t seem to be able to run their own business….
Wages should go up.
All Guardian employees should be paid a living wage. Of course, the living wage for Polly, George et al is considerably more than that for one of the ordinary little people, and rightly so given their importance to the national discourse.
To defend George ever such a little bit. He publishes his Guardian contract on his website. From memory it brings in maybe £40,000 a year. That’s only a little above – and I do mean a little – normal freelance rates.
Yes, I know, different paper, but do a 1,000 word proper column for The Times and it is – or was at least – £600. Do 50 of those a year and that’s £30k. Getting £40 k as an above the line and mainstream named columnist isn’t excessive pay at all. Daily Mail pays £1,200 for a standard column and Liz Jones certainly used to get £1,750 a piece.
Polly on the other hand is on well over £100k.
I thought I was seeing things & Owen Jones had got a new gig. Wife was caching up on Coronation St, I happened to glance up from the laptop and there was this young lad, the spit of OJ, talking to the gay vicar character they have on there.
@Tim Worstall, December 17, 2018 at 5:48 pm
Really? For her weekly “have pity me on me, I’m bankrupt and single” whine? Is that what woman want to read?
Thank God we have all these other papers bulling up property prices so smelly old ladies can rent out houses for £850 a month to couples trying to bring up children where there’s no jobs and braveheart Brits can make a years wages in capital gains from straight house price inflation in places they also live in.Fucking moral degenerates.
And its not as if the country shoes any notional profit; nothing works.