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Guardian Media continues to slip further into the red as its unaudited financial reports highlight even greater losses for the year ending September 30.

The media house reported losses before tax to the tune of $14.1 million. Chairman Peter Clarke said in his report that the losses represent a 36 per cent increase in losses as compared to the $10.4 million loss before tax reported for the same period the year before.

Guardian Media reported $63.3 million in revenue for the nine-month period – about 12 per cent less than the revenue for the same period the year before when it earned $72 million in revenue.