Guardian hikes cover price by 20pc
London, September 17, 2011
Britain's loss-making Guardian paper, which has led the exposure of a phone-hacking scam at Rupert Murdoch's News of the World tabloid, is to hike its cover price by 20 per cent, making it the country's most expensive newspaper.
The Guardian has one of the world's most popular news websites, with 50 million monthly readers, but like its rivals it has struggled with dwindling sales of printed newspapers. Access to guardian.co.uk is free.
From next Monday, the price of the Guardian newspaper will rise to 1.20 pounds ($1.89) from 1 pound, while the Saturday edition will cost 2.10 pounds, up from 1.90.
The Guardian's three main competitors, the Daily Telegraph, News Corp's Times of London and the Independent, all cost 1 pound on weekdays and 1.90, 1.50 and 1.60 respectively on Saturdays.
In its financial year to April 3, Guardian Media Group's revenue fell 10 per cent to 198 million pounds as digital advertising revenues failed to offset a decline in print, and the company made an operating loss of 38 million pounds.
The Guardian in June announced a major shift in focus and investment to digital from print, and a month later said it would stop publishing its international print editions.
This week, it announced a new website, guardiannews.com, for the United States, where more than 10 million of its online readers live.
The Guardian was named newspaper of the year at last year's British Press Awards, helped by its partnership with WikiLeaks and its relentless pursuit of the News of the World phone-hacking scandal.-Reuters
More Miscellaneous Stories
- Death penalty sought for Bahrain terrorists
- Girl, 9, dies after fall from 8th floor in Abu Dhabi
- Lebanese café brand opens Dubai outlet
- Bahrain poultry firm told to step up safety
- Customer dies in Bahrain cafe brawl
- Bahraini boys hurt while planting bombs
- Philips, Ericsson launch LED street lighting
- DuBiotech to set up first Halal safety lab
- Jotun to supply coatings for Makkah Station
- Raytheon wins $655m Kuwait Patriot deal
- Alwaleed Foundation lights up 3 Saudi villages
- Poultry farms strike may trigger shortages in Bahrain
- Oman seals Victoria food security pact
- Saudi woman, 80, donates $133m to charity
- New Saudi clamp on energy drinks
- Outrage follows Bahrain killer bomb
- Improvised explosive device used in Bahrain attack
- 3 policemen killed in Bahrain blast
- Dammam-Al Ahsa train service starts
- Egypt wheat supplies enough to last until June
- Expat killed at Saudi workers' holding facility
- 80 global speakers for Doha summit on family
- Restaurant runs up $47,555 phone bill in 4 days
- NZ minister to visit Gulf states
- Public-private tie-ups ‘vital for agri growth’
- China firm wins solar power project in Amman
- 15,000 attend Bahrain garden show
- Omani firms shine at top food expo
- Bahrain to set up national food company
- Dozens hurt in gas leak at plant near Doha