A report by The Sunday Times claiming that The Guardian is to close its printed edition by next year has seen rumours spread across social media platforms and reports pop up at online media outlets.
Despite the claims printed by The Sunday Times, most are sceptical that such a move could be implemented by next year, despite the continued losses by the company as a result of its printing costs, expected to be around £45m for last year alone.
The reports follow a piece that ran in the London Evening Standard over a week ago around a reshape of the business by Guardian Media Group’s (GMG) chief executive Andrew Miller, claiming that the group had lost £250m in the last three years.
Meanwhile, the newspaper itself has moved to increase its online presence through paid-for mobile and tablet apps as it follows the digital-first strategy held by editor Alan Rusbridger, while is also aims to break the US marketplace.
At the time of writing the press office at The Guardian was seemingly unaware of the reports and rumours being spread about the closure of the printed edition of the newspaper, and was yet to respond to The Drum’s request for a comment on the issue.