In a challenging year, GMG increased readership, increased revenue and reduced adjusted net operating cash outflow - its primary financial measure - to £15.6m (2020: £29m). The new strategic plan prioritises investment in high-quality journalism, digital products, data management and other capabilities that augment reader relationships and reader revenues. Guardian Media Group, interim chief executive Keith Underwood said:“Outstanding journalism, commercial innovation and much hard work across the organisation have delivered a strong set of results in a challenging year. This performance is testament to the dedication and expertise of our staff, and our strong and trusted relationship with readers. The management team’s increased focus on investing in quality journalism and our digital capabilities mean that the group is well positioned to grow and deliver on the Guardian’s mission.”EndsFor more information:Guardian Press Officee: media.enquiries@theguardian.com

Source: The Guardian July 27, 2021 10:52 UTC