The Times
10 April 2017Douglas McCabe was quoted in an article on The Guardian’s decision to contemplate returning to its Manchester roots as business rates for their London headquarters rise 50 per cent. The revaluation that came into effect this month has resulted in a 73 per cent increase in the value of the newspaper’s property assessment which is used to calculate the new rates, experts say. Furthermore, the paper is reeling from the loss of print advertising which is having a big impact across the sector. Despite efforts to bring in extra revenue through tiered membership and donations, Ms Viner is also aggressively cost-cutting via redundancies, reduced printing costs and cheaper real estate. Douglas said “David Pemsel [now chief executive] and Kath Viner are addressing the challenges of their model with a forcefulness and roundedness that has not always been possible”, but, he said the paper would have to go through “a good deal more change” to make it truly sustainable.
