Guardian Media Group

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For the American media company, Guardian Enterprise Group, see .2 Network. Guardian Media Group_sentence_0

Guardian Media Group_table_infobox_0

Guardian Media Group plcGuardian Media Group_table_caption_0
TypeGuardian Media Group_header_cell_0_0_0 Public limited companyGuardian Media Group_cell_0_0_1
IndustryGuardian Media Group_header_cell_0_1_0 MediaGuardian Media Group_cell_0_1_1
FoundedGuardian Media Group_header_cell_0_2_0 1907; 113 years ago (1907) (Manchester Guardian)

1993 (1993) (Guardian Media Group plc)Guardian Media Group_cell_0_2_1

FounderGuardian Media Group_header_cell_0_3_0 C. P. ScottGuardian Media Group_cell_0_3_1
HeadquartersGuardian Media Group_header_cell_0_4_0 London, United KingdomGuardian Media Group_cell_0_4_1
Area servedGuardian Media Group_header_cell_0_5_0 England, WalesGuardian Media Group_cell_0_5_1
Key peopleGuardian Media Group_header_cell_0_6_0 Neil Berkett

Annette ThomasGuardian Media Group_cell_0_6_1

ProductsGuardian Media Group_header_cell_0_7_0 Newspapers, websitesGuardian Media Group_cell_0_7_1
RevenueGuardian Media Group_header_cell_0_8_0 £254.4 million (2017 - 2018)Guardian Media Group_cell_0_8_1
Operating incomeGuardian Media Group_header_cell_0_9_0 £8.5 millionGuardian Media Group_cell_0_9_1
Net incomeGuardian Media Group_header_cell_0_10_0 £8 millionGuardian Media Group_cell_0_10_1
OwnerGuardian Media Group_header_cell_0_11_0 Scott Trust LimitedGuardian Media Group_cell_0_11_1
DivisionsGuardian Media Group_header_cell_0_12_0 Guardian News & Media

Top Right Group (formerly Emap) GMG Property Services GroupGuardian Media Group_cell_0_12_1

WebsiteGuardian Media Group_header_cell_0_13_0 Guardian Media Group_cell_0_13_1

Guardian Media Group plc (GMG) is a British based mass media company owning various media operations including The Guardian and The Observer. Guardian Media Group_sentence_1

The group is wholly owned by Scott Trust Limited, which exists to secure the financial and editorial independence of The Guardian in perpetuity. Guardian Media Group_sentence_2

The Group's 2018 annual report (year ending 1 April 2018) indicated that the Scott Trust Endowment Fund was valued at £1.01 billion (2017: £1.03bn). Guardian Media Group_sentence_3

History Guardian Media Group_section_0

The company was founded as the Manchester Guardian Ltd. in 1907 when C. Guardian Media Group_sentence_4 P. Scott bought the Manchester Guardian (founded in 1821) from the estate of his cousin Edward Taylor. Guardian Media Group_sentence_5

It became the Manchester Guardian and Evening News Ltd when it bought out the Manchester Evening News in 1924, later becoming the Guardian and Manchester Evening News Ltd to reflect the change in the morning paper's title. Guardian Media Group_sentence_6

It adopted its current name in 1993. Guardian Media Group_sentence_7

In 1991 it had a 20% stake in a consortium which included LWT, STV, The Walt Disney Company and Carlton Communications for a new ITV breakfast franchise called GMTV Guardian Media Group_sentence_8

Guardian Monthly was a glossy magazine published by the Guardian Media Group for readers around the world. Guardian Media Group_sentence_9

Launched in November 2006, it made selections from The Guardian and The Observer’s magazine supplements available to an international audience of English-speakers. Guardian Media Group_sentence_10

Issues contained interviews with cultural figures, features about world issues, and regular articles on travel, books, sport, health, fashion, food and photography. Guardian Media Group_sentence_11

In July 2007, the Guardian Media Group announced the cancellation of the Guardian Monthly. Guardian Media Group_sentence_12

In a letter to subscribers, Will Ricketts, Guardian Monthly's publisher, explained the reasons for the cancellation of the monthly magazine: Guardian Media Group_sentence_13

In March 2007 GMG sold 49.9% of Trader Media Group to Apax Partners, in a deal that valued Trader Media Group at £1.35 billion. Guardian Media Group_sentence_14

In December 2007 it was announced that GMG and Apax had made a successful bid to buy Emap's business-to-business arm for around £1 billion. Guardian Media Group_sentence_15

In February 2010, the group sold its GMG Regional Media division (consisting of two companies MEN Media and S&B Media which operated 31 local and regional newspaper titles) to Trinity Mirror for £44.8 million. Guardian Media Group_sentence_16

The sale ended the historic connection between The Guardian and Manchester as the sale of the Manchester Evening News was included in the package. Guardian Media Group_sentence_17

The division's local television station for Greater Manchester, Channel M, and two newspapers in Woking were not included in the sale. Guardian Media Group_sentence_18

In June 2012, Global Radio acquired GMG Radio from Guardian Media Group plc. Guardian Media Group_sentence_19

In January 2014, GMG disposed of its remaining interest in Trader Media Group. Guardian Media Group_sentence_20

Carolyn McCall was the chief executive of Guardian Media Group and chair of Guardian News and Media Limited from 2006 until June 2010, when she was appointed chief executive of EasyJet. Guardian Media Group_sentence_21

Andrew Miller, previously the chief financial officer of the Group, was chief executive from July 2010 to 2015. Guardian Media Group_sentence_22

David Pemsel took his place in 2015. Guardian Media Group_sentence_23

In January 2020, it was announced that Annette Thomas would become the new chief executive in March 2020. Guardian Media Group_sentence_24

In October 2017, the Guardian Media Group reported a plan to launch a new £42 million venture capital fund. Guardian Media Group_sentence_25

That plan was consummated, making the Scott Trust a limited partner in GMG Ventures LP. Guardian Media Group_sentence_26

According to the GMG 2018 annual report, "this £42m venture capital fund is designed to contribute financial returns and to support GMG’s strategy by investing in early stage businesses focused on developing the next generation of media technology". Guardian Media Group_sentence_27

In January 2020 GMG announced Annette Thomas, former editor of Nature, MD of Nature Publishing Group and chief executive of Macmillan Science and Education, as its new chief executive. Guardian Media Group_sentence_28

She replaced David Pemsel who left to take up a role at the Premier League. Guardian Media Group_sentence_29

Group structure Guardian Media Group_section_1

GMG’s core business is Guardian News & Media Limited, publisher of, and The Guardian and The Observer newspapers. Guardian Media Group_sentence_30

Guardian News & Media was formed as Guardian Newspapers Limited in 1967, adopting its present name in 2006. Guardian Media Group_sentence_31

The group has a portfolio of investments to help support its journalism. Guardian Media Group_sentence_32

They comprise: Guardian Media Group_sentence_33

Guardian Media Group_unordered_list_0

  • Ascential: an international business-to-business digital intelligence and events business.Guardian Media Group_item_0_0
  • GMG Property Services: a provider of software, technology and design solutions to the property industry.Guardian Media Group_item_0_1
  • An externally managed investment fund.Guardian Media Group_item_0_2

Guardian Media Group exists to support the core purpose of its owner, Scott Trust Limited: to secure the financial and editorial independence of The Guardian in perpetuity, but in the 2011/12 year the group lost £75.6 million, and for the three years up to June 2012, the paper itself lost £100,000 a day - leading Intelligent Life magazine to question whether The Guardian can survive. Guardian Media Group_sentence_34

In 2014, The Guardian launched a membership scheme, aiming to avoid introducing a paywall and maintaining open access to the website. Guardian Media Group_sentence_35

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, a goal they achieved in May 2019. Guardian Media Group_sentence_36

Corporate governance Guardian Media Group_section_2

Board of directors Guardian Media Group_section_3

The board of directors are: Guardian Media Group_sentence_37

Guardian Media Group_unordered_list_1

Credits to the contents of this page go to the authors of the corresponding Wikipedia page: Media Group.