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Does the Guardian have a future?

The loss-making newspaper group chose to secure its future through risky financial wheeling and dealing. It should have taken the advice of its own columnists

By Peter Morris   September 2010

“Securing the long-term future of the Guardian” was the headline on the cover of Guardian Media Group’s (GMG) 2008/09 annual report. Not long after, in March 2010, the group’s chief executive Carolyn McCall announced she was leaving after 24 years to become chief executive of easyJet. “A person close to Ms McCall… acknowledged that she was departing at a critical time, but said she and her board were confident that ‘the Guardian is secure, totally secure,'” reported the FT.

Was that the sound of someone protesting too much? What would it mean, anyway, for the Guardian to be “secure”? During…

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