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Guardian Media Group
Guardian Media Group plc (GMG) is a British-based mass media company owning various media operations including The Guardian, and formerly The Observer. The group is wholly owned by the Scott Trust Limited, which exists to secure the financial and editorial independence of The Guardian in perpetuity.
The Group's annual report (for the year ending 2 April 2023) indicated that the Scott Trust Endowment Fund was valued at £1.24 billion, while in 2021 it was valued at £1.14 billion.
The company was founded as the Manchester Guardian Ltd. in 1907 when C.P. Scott bought The Manchester Guardian (founded in 1821) from the estate of his cousin Edward Taylor.
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. It adopted its current name in 1993.
In 1991, it had a 20% stake in a consortium which included London Weekend Television (LWT), Scottish Television, The Walt Disney Company and Carlton Communications for a new ITV breakfast franchise called GMTV.
Guardian Monthly was a glossy magazine published by the Guardian Media Group for readers around the world. Launched in November 2006, it made selections from The Guardian and The Observer's magazine supplements available to an international audience of English-speakers. Issues contained interviews with cultural figures, features about world issues, and regular articles on travel, books, sport, health, fashion, food and photography. In July 2007, the Guardian Media Group announced the cancellation of the Guardian Monthly. In a letter to subscribers, Will Ricketts, Guardian Monthly's publisher, explained the reasons for the cancellation of the monthly magazine:
The company is taking a long-term strategic view of its activities and although Guardian Monthly has performed well in the busy and competitive international marketplace, we have decided that it is not the right time to continue with a global magazine offering.
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. 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.
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Guardian Media Group
Guardian Media Group plc (GMG) is a British-based mass media company owning various media operations including The Guardian, and formerly The Observer. The group is wholly owned by the Scott Trust Limited, which exists to secure the financial and editorial independence of The Guardian in perpetuity.
The Group's annual report (for the year ending 2 April 2023) indicated that the Scott Trust Endowment Fund was valued at £1.24 billion, while in 2021 it was valued at £1.14 billion.
The company was founded as the Manchester Guardian Ltd. in 1907 when C.P. Scott bought The Manchester Guardian (founded in 1821) from the estate of his cousin Edward Taylor.
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. It adopted its current name in 1993.
In 1991, it had a 20% stake in a consortium which included London Weekend Television (LWT), Scottish Television, The Walt Disney Company and Carlton Communications for a new ITV breakfast franchise called GMTV.
Guardian Monthly was a glossy magazine published by the Guardian Media Group for readers around the world. Launched in November 2006, it made selections from The Guardian and The Observer's magazine supplements available to an international audience of English-speakers. Issues contained interviews with cultural figures, features about world issues, and regular articles on travel, books, sport, health, fashion, food and photography. In July 2007, the Guardian Media Group announced the cancellation of the Guardian Monthly. In a letter to subscribers, Will Ricketts, Guardian Monthly's publisher, explained the reasons for the cancellation of the monthly magazine:
The company is taking a long-term strategic view of its activities and although Guardian Monthly has performed well in the busy and competitive international marketplace, we have decided that it is not the right time to continue with a global magazine offering.
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. 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.
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