"The past year has been among the most extraordinary in our history. We have broken stories that have shaped the news agenda and built a global audience that is larger and more active than could have been imagined a few years ago. However, Guardian News & Media (GNM) continues to face daunting challenges. We are driving into fierce financial headwinds caused by the decline of revenues from print sales and advertising. Meanwhile, the regulation and legislation that governs our industry are under intense scrutiny." (Quoted from article)