‘£30m profit: where’s the loss in that?’

Anyone still labouring under the misconception that the Guardian Media Group is owned by a not-for-profit trust has been put right by the decision to mark the regional publishing arm’s record £30m profit with a raft of job losses and the closure of City Life.

Today’s well attended protest inevitably focussed on City Life’s demise, but at least as many jobs will go in the new media and marketing departments. Faced with ever declining sales at the Manchester Evening News, the Guardian has decide to abuse its local monopoly and build profit by making the product as cheap as possible.
Update 6 December: A sister protest was held in London. Guardian Media Group’s Mark Dodson is reported to have said: ‘We have to face up to the fact that we are in the advertising business not the newspaper publishing business and we have been for the last 20 years.’
This posted via mobile via Flickr and so not so closely proofread. Click the pic to see it large (there’s an ‘all-sizes’ tab for really large).

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