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Scott Trust Limited
The Scott Trust Limited is the British limited company that owns Guardian Media Group and thus The Guardian as well as various other media businesses in the UK. It was created as a trust to acquire The Guardian in 1936, and reorganised as a limited company in 2008.
The company is responsible for appointing the editor of The Guardian (and those of the group's other main newspapers) but, apart from enjoining them to continue the paper's editorial policy on "the same lines and in the same spirit as heretofore", it has a policy of not interfering in their decisions. The arrangement tends to give editors a long tenure: for example, the last incumbent, Alan Rusbridger, held the position from 1995 until 2015.
The current chairman of the Scott Trust Board is Ole Jacob Sunde, who replaced Alex Graham in 2021. Others on the eleven-member board include the current editor-in-chief Katharine Viner, Guardian legal affairs correspondent Haroon Siddique who is the journalist director of the board, and one member of the Scott family.
The Scott Trust is a limited partner in GMG Ventures LP, founded in 2017, 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".
The Trust was established in 1936 by John Russell Scott, owner of the Manchester Guardian (as it then was) and the Manchester Evening News. After the deaths in quick succession of his father C. P. Scott and brother Edward, and consequent threat of death duties, John Scott wished to prevent future death duties forcing the closure or sale of the newspapers, and to protect the liberal editorial line of the Guardian from interference by future proprietors. The first and only chairman of the first Trust was John Scott.
The Trust was dissolved and reformed in 1948, as it was thought that the Trust, under the terms of the original trust deed, had become liable to tax due to changes in the law. At this time John Scott also gave up his exclusive right to appoint trustees; the trustees would henceforth appoint new members themselves. Five months after the signing of the new trust deed, John Scott died. After three years of legal argument, the Inland Revenue gave up its claim for death duty.
The eight initial trustees of the 1948 Trust were all connected with the Manchester Guardian and Evening News, Ltd., and included four of C. P. Scott's grandsons as well as the then editor of The Guardian, A. P. Wadsworth. It has become normal practice for a Guardian journalist to be a member of the trust, though they are not considered to be a "representative" of the staff, as this may result in a conflict of interests.
In 1992, the Trust identified its central objective:
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Scott Trust Limited
The Scott Trust Limited is the British limited company that owns Guardian Media Group and thus The Guardian as well as various other media businesses in the UK. It was created as a trust to acquire The Guardian in 1936, and reorganised as a limited company in 2008.
The company is responsible for appointing the editor of The Guardian (and those of the group's other main newspapers) but, apart from enjoining them to continue the paper's editorial policy on "the same lines and in the same spirit as heretofore", it has a policy of not interfering in their decisions. The arrangement tends to give editors a long tenure: for example, the last incumbent, Alan Rusbridger, held the position from 1995 until 2015.
The current chairman of the Scott Trust Board is Ole Jacob Sunde, who replaced Alex Graham in 2021. Others on the eleven-member board include the current editor-in-chief Katharine Viner, Guardian legal affairs correspondent Haroon Siddique who is the journalist director of the board, and one member of the Scott family.
The Scott Trust is a limited partner in GMG Ventures LP, founded in 2017, 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".
The Trust was established in 1936 by John Russell Scott, owner of the Manchester Guardian (as it then was) and the Manchester Evening News. After the deaths in quick succession of his father C. P. Scott and brother Edward, and consequent threat of death duties, John Scott wished to prevent future death duties forcing the closure or sale of the newspapers, and to protect the liberal editorial line of the Guardian from interference by future proprietors. The first and only chairman of the first Trust was John Scott.
The Trust was dissolved and reformed in 1948, as it was thought that the Trust, under the terms of the original trust deed, had become liable to tax due to changes in the law. At this time John Scott also gave up his exclusive right to appoint trustees; the trustees would henceforth appoint new members themselves. Five months after the signing of the new trust deed, John Scott died. After three years of legal argument, the Inland Revenue gave up its claim for death duty.
The eight initial trustees of the 1948 Trust were all connected with the Manchester Guardian and Evening News, Ltd., and included four of C. P. Scott's grandsons as well as the then editor of The Guardian, A. P. Wadsworth. It has become normal practice for a Guardian journalist to be a member of the trust, though they are not considered to be a "representative" of the staff, as this may result in a conflict of interests.
In 1992, the Trust identified its central objective: