News & Opinion

David Pemsel: "More people are paying for Guardian journalism than ever before"

Guardian Media Group (GMG), the publisher of the Guardian and Observer, announces that paid membership numbers have quadrupled in the last financial year.

According to the Guardian’s results for the financial year, paid-for membership rose from 50,000 to more than 230,000 in the year to 2 April, while regular readers of theguardian.com increased by 17.4% between March 2016 and March 2017.

David Pemsel, GMG's chief executive, said: "We have grown our digital revenues, and we are achieving strong growth in membership, subscriptions and contributions. More people are paying for Guardian journalism than ever before. This is helping to build a strong foundation from which we will continue to invest in some of the most trusted journalism in the world."

Overall revenues for GMG are up 2%, which the publisher puts down to more than 400,000 paying readers (across print and digital) and good international growth.

GMG are one year in to a three-year transformation plan to increase revenues by building deeper relationships with readers, align its advertising business to market growth, and reduce costs. Neil Berkett, chair of GMG, said: "There is much to do, but the strategy is on track."

As part of the strategy, the Guardian recently announced plans to move the Guardian and Observer print titles to tabloid format, from early 2018.

Source: The Guardian

by Jessie Sampson 25/07/17

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