The Guardian in its 194-year history, and assumed her new post on June 1, 2015.Stephen Castle and Ravi Somaiya "Guardian Names Katharine Viner as New Editor", New York Times, 20 March 2015 She intends to make the "media organisation" a "home for the most ambitious journalism, ideas and events" which is able to reach "out to readers all around the world."Henry Mance "Katharine Viner appointed Guardian editor", Financial Times, 20 March 2015 It has been suggested by author and former Guardian columnist Michael Wolff that another of Viner's rivals to succeed Rusbridger, Janine Gibson, suffered because of internal disquiet over the internal impact on The Guardian of the Edward Snowden revelations which Gibson edited in New York. Wolff said Gibson aligned herself with Snowden, promising more of the same, while Viner "pitched decidedly against Gibson and, in a sense, against Snowden". Peter Wilby, writing in the New Statesman, preferred a different explanation: "Viner is a more charming, more inclusive and less threatening figure than Janine Gibson, who started as the bookies’ and Rusbridger's favourite." Later developments In March 2016, Viner and Guardian News and Media chief executive David Pemsel announced cost-cutting measures, leading to the projected loss of 250 jobs, to reduce unsustainable losses in order to break even within three years. The following month, The Times reported internal tensions within the organisation as Rusbridger prepared to become Chairman of the Scott Trust, the ultimate overseer to ensure The Guardian survives "in perpetuity". Rusbridger's expansion of the company's operations was reportedly seen by staff as responsible for the decisions which Viner and Pemsel have made. Viner and David Pemsel successfully opposed Rusbridger becoming Chair of the Scott Trust Ltd and he dropped plans to take up the post. Appeals to readers for donations have been successful. "We now get about the same amount of money from membership and paying readers as we do from advertising", Viner told the Financial Times in May 2017. By the time The Guardian and sister title The Observer relaunched as a tabloid in January 2018, part of the cost-cutting exercise, revenue from readers exceeded advertising and the group expects to break even in 2018/19, for the first time since the 1980s, rather than continue to sustain heavy losses. As of 2018 this approach was considered successful, having brought more than 1 million subscriptions or donations, with the paper hoping to break even by April 2019.