Guardian Media Group (GMG=a company of the United Kingdom owning various mass media operations) have decided to shut down The Observer(a news paper) so they are now cutting down sharply on their staff, and still looking for more ways to cut down the costs.
Redundancy Scheme, have done that 82 poster has gone from the commercial side of the business.
Dummy copies of a thinner Observer, has been mad, and all the «extra» stuff, like music, sport etc. are at risk.
Guardian New & Media (GNM=is the core division of GMG) had £36.8m operating loss last year. Although, Carolyn McCall, the group chief executive says that: “GNM is looking to the future and making sure it’s in good shape.”
The debt-laden Independent is seeking another extension of its standstill deal with bondholders, which expires on Friday. If the deal fails, the group may have an emergency rights issue.
A deal with the bondholders, which expires on Friday, is still standing, which means that if they don't get they as to do anything, as they probably wouldn't the deal fails, and the group may have an emergency right issue.
Be careful over spelling: "Dummy copies of a thinner Observer, has been mad" and other English "as they probably wouldn't the deal fails,"
ReplyDeleteAlso try and comment as you post. Explain (in brackets) any terms eg 'emergency rights'