The Guardian lost 44.7 million pounds, or around $61 million, in the year ending April 2017, following losses of £68.7 million the year before. Other British newspapers, including The Times of London and The Independent, have moved from broadsheet to tabloid formats for similar reasons. “Our move to tabloid format is a big step towards making The Guardian financially sustainable and ensuring we can continue to invest in agenda-setting journalism for generations to come,” Katharine Viner, editor in chief of Guardian News and Media, said in a statement on Sunday. Now, it will move to a tabloid format and will be published on printing presses owned by Trinity Mirror, the British publishing company that owns The Daily Mirror, a traditional left-wing tabloid. The Guardian has not yet decided what it will do with the printing presses and land in London and Manchester.

Source: New York Times January 15, 2018 08:18 UTC