Loss-making Guardian papers helped by Auto Trader sale
The IndependentFor free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The owner of The Guardian has collected a £600m-plus windfall from selling its 50.1 per cent stake in the car classifieds brand Auto Trader to the private-equity firm Apax Partners. Guardian Media Group's long-rumoured sale of Auto Trader's parent company, Trader Media Group, should guarantee the future of the loss-making flagship newspaper over the next decade. Those close to GMG said that the cash would transform its balance sheet and continues a pattern of selling assets including the Manchester Evening News and Smooth Radio.
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