Guardian plans Australian venture - Sydney Morning Herald - Sydney Morning Herald

Kath Viner ... reportedly chosen as the new head of Guardian Australia. Photo: Twitter

The Guardian has reportedly appointed its deputy editor as the head of its online expansion into Australia, a British newspaper report says, just days after journalists at the British newspaper voted to go on strike if voluntary editorial redundancies become compulsory.

Katharine Viner, who joined the newspaper in 1997, was set to lead a Guardian Australia team that would work in collaboration with Graeme Wood, the former of accommodation website Wotif.com and backer of non-profit, online media venture The Global Mail, the London Evening Standard reported.

A spokeswoman for The Guardian would not comment on the report, only saying in a statement to AAP: ‘‘As the Guardian’s reach grows it’s natural that we continually explore a wide range of opportunities and partnerships.’’

Job cuts

The report came as a source at The Global Mail confirmed that three journalists were being made redundant following an external review of its editorial operations. Repeated attempts were made to contact the Mail's chief executive Jane Nicholls and Mr Wood.

A spokesman for the Media Alliance said it was aware of the restructuring and had written to the Mail seeking an urgent meeting.

In the UK, The Guardian’s publisher - Guardian News & Media - said it was set to axe 68 editorial jobs to save £7 million ($10.8 million) a year from its annual editorial budget.

The media company called for temporary redundancies but said just over 30 staff came forward, increasing the likelihood that it would have to turn to compulsory job cuts. The voluntary redundancy scheme closed on Friday.

Journalists at The Guardian and its Sunday newspaper The Observer voted last week to go on strike if compulsory redundancies were put in place.

News Ltd loss increases

In Australia, News Limited said in accounts filed with the Australian Securities & Investments Commission that it had recorded an after-tax loss of $476.7 million for the year ending June 30, up from $300.4 million the year before.

Revenue at the company declined from $2.9 billion for the year ending June 30, 2011, to $2.2 billion.

Yesterday, Fairfax Media - publisher of The Sydney Morning Herald and The Age - confirmed it was moving ahead with the sale of its 51 per cent stake in Trade Me to institutional investors at about $3.05 a share, yielding $616 million for the company.

BusinessDay, with James Robertson and AAP