Guardian Australia begins to make bank, another book about That Cave, anti-vaccination filmmaker in Australian visa dispute, and other media tidbits of the day.
Guardian's first profit. Guardian Australia has announced, with great delight, that it has turned a profit. Its financial report revealed a $700,000 profit -- the first since it launched five years ago. It's not turning over enough, though, to repay original benefactor Graeme Wood. Instead, parent company Guardian Media Group, based in the UK, recapitalised Guardian Australia to settle the loan. Guardian Australia now has 65,000 paying members, which accounts for 36% of the site's revenue. Advertising revenue makes up the rest.