“In a meeting with newsroom staff, Guardian Media Group CEO David Pemsel called the changes a "course correction." Eamonn Store, CEO of The Guardian's U.S. operations, told staff that the changes were due in part to low ad sales and to revenue projections that are "not enough to maintain our current cost base." Store said the company needs to make up for a revenue shortfall of $4.4 million over the next six months.”
— Eamonn Store, David Pemsel, Peter Sterne, Joe Pompeo, The Guardian to make major cuts to U.S. news operation
Tagged: The Guardian, The Present Of Media, Ad Spend, September 2016
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