UK Politics
General Discussion for politics in the UK.
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[email protected] appears to have vanished! We can still see cached content from this link, but goodbye I guess! :'(
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Isn't the guardian a nonprofit? Why are they selling it?
They've been losing money.
Even nonprofits have a value and can have profit. They just can’t enrich shareholders/owners with that profit. If the guardian invested monies in that division over time and they don’t want it to completely go away, like a normal business they can offload it to someone else for a price and try to recoup some of their losses that way (I.E. replenish their bank accounts or pay off liabilities related to that division).