Guardian May Shut Sunday Observer After 218 Years

The British media group that publishes the Guardian is considering closing its sister Sunday paper, the Observer, which has been in print since 1791. The Guardian Media Group reported a pre-tax annual loss of nearly $150 million. Possible futures for the Observer include an Observer-branded magazine. It's "50/50 whether we are headed for the magazine, or for cuts but keeping the paper," said a source.
(More Guardian Media Group stories.)