FT.com: GMG faces quandary over online charging

"GMG and its sovereign body, the Scott Trust, have had heated internal debates, with senior staff questioning the level of investment in the lossmaking guardian.co.uk at a time of recession. ... a person with knowledge of the business claimed on Friday the total net loss on the digital side since 2002 had been £20m, although no breakdown of those figures was provided. Annual revenue, all derived from digital advertising, had now risen to about £30m. ... Senior staff told the FT that more people in both the editorial and commercial divisions of GNM were beginning to question the viability of the creed of free online content."

Times Online: A little war and Peace in The Guardian boardroom

"The Guardian and The Observer lost £26.8 million before various one-off write-offs in the year to March 2008. The recession means that the figure will be worse this year. ... All this has been historically propped up by other businesses, but profits at GMG's regional newspapers have collapsed by 85 per cent to less than £2 million ... Radio, always marginally profitable, is hardly faring any better. ... [and] whatever profit comes out of Auto Trader and Emap will not flow into GMG's coffers, because of the debt repayments, which does not help when the national newspapers burn through £83,000 or so a day."