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 said.
Publisher Guardian Media Group (GMG) said last year it needed to make savings of 20 per cent to stem underlying losses that widened to 62.6 million pounds for the year to April 3. It said it was aiming to break even in three years. “The company is working on a whole range of efficiency projects and the print programme fits into that,” one source said on Monday.
GMG prints both