This article is from the source 'independent' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.

You can find the current article at its original source at http://www.independent.co.uk/news/uk/home-news/guardian-observer-confirm-tabloid-format-trinity-mirror-media-group-a7788656.html

The article has changed 2 times. There is an RSS feed of changes available.

Version 0 Version 1
Guardian and Observer confirm tabloid format change Guardian and Observer confirm tabloid format change
(35 minutes later)
The Guardian and The Observer will relaunch in tabloid formats next year, after their publisher signed a contract to outsource printing as part of a three-year plan to break even in their finances.The Guardian and The Observer will relaunch in tabloid formats next year, after their publisher signed a contract to outsource printing as part of a three-year plan to break even in their finances.
Publisher Guardian Media Group (GMG), the parent company of the two titles, said in 2016 that it would need to save 20 per cent to counter underlying losses that widened to £62.6 million last year and that it was aiming to break even in three years.Publisher Guardian Media Group (GMG), the parent company of the two titles, said in 2016 that it would need to save 20 per cent to counter underlying losses that widened to £62.6 million last year and that it was aiming to break even in three years.
Now the company has announced that the Trinity Mirror, publisher of the Daily Mirror, Sunday Mirror and Sunday People, will print the titles from early 2018. Now the company has announced that Trinity Mirror, publisher of the Daily Mirror, Sunday Mirror and Sunday People, will print the titles from early 2018.
The move will see three £80 million printing presses in London and Manchester sold or scrapped, in a move set to affect about 50 jobs.The move will see three £80 million printing presses in London and Manchester sold or scrapped, in a move set to affect about 50 jobs.
It follows sharp falls in the print advertising market and the rising cost of publishing newspapers as consumers move towards digital media, which has been exacerbated by a slowing in digital revenue generation as Google and Facebook reap the benefits of online advertising market.It follows sharp falls in the print advertising market and the rising cost of publishing newspapers as consumers move towards digital media, which has been exacerbated by a slowing in digital revenue generation as Google and Facebook reap the benefits of online advertising market.
Following the announcement, David Pemsel, the chief executive of GMG, said: “This is an important step in our three-year transformation plan.Following the announcement, David Pemsel, the chief executive of GMG, said: “This is an important step in our three-year transformation plan.
"More people are reading and supporting our journalism than ever before, but the print industry continues to evolve, and we must evolve with it. We plan to continue the Guardian’s record of producing bold, brilliantly designed award-winning journalism.”"More people are reading and supporting our journalism than ever before, but the print industry continues to evolve, and we must evolve with it. We plan to continue the Guardian’s record of producing bold, brilliantly designed award-winning journalism.”
Katharine Viner, editor-in-chief of the Guardian, said the switch to a “new-look tabloid” Guardian and Observer  would be “bold, striking and beautiful”, and expressed her belief that readers value the journalism as opposed to the “shape or the size” of the titles. Katharine Viner, editor-in-chief of The Guardian, said the switch to a “new-look tabloid” Guardian and Observer would be “bold, striking and beautiful”, and expressed her belief that readers value the journalism as opposed to the “shape or the size” of the titles.
“The Berliner is a beautiful format which has served our readers brilliantly for 12 years but we know that it is our award-winning, quality, independent journalism that our readers value most, rather than the shape or the size of the newspapers,” said Ms Viner.“The Berliner is a beautiful format which has served our readers brilliantly for 12 years but we know that it is our award-winning, quality, independent journalism that our readers value most, rather than the shape or the size of the newspapers,” said Ms Viner.
“We are going to create a new-look tabloid Guardian and Observer that are bold, striking and beautiful – and which still contain the agenda-setting journalism for which we’re renowned.”“We are going to create a new-look tabloid Guardian and Observer that are bold, striking and beautiful – and which still contain the agenda-setting journalism for which we’re renowned.”
Since the The Guardian changed to a Berliner format in 2005, average circulation increased from 341,000 April 2005 to 154,000 in the same month of 2017. Since the The Guardian changed to a Berliner format in 2005, average circulation has fallen from 341,000 in April 2005 to 154,000 in the same month of 2017.