Rushbridger quantifies the Guardian's losses

Astounding figures coming from Guardian editor Alan Rushbridger on how the paper has lost £20m since 2002.

The revelation came after a comment left on Roy Greenslade's blog said of the paper

It's ploughed so much into its internet operation that it is now having to lay off journalists

Rushbridger replied that

That's not actually right. Since 2002/3 our spending on guardian.co.uk (operational and capex) has exceeded revenue by just £20m. There's a crisis in the industry, and the Guardian is no more immune than anyone else, but it's a myth that we've plouged lunatic sums into digital.

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