|Public limited company|
|Founded||1907 (Manchester Guardian)|
1993 (Guardian Media Group plc)
|Founder||C. P. Scott|
| Neil Berkett |
|Owner||Scott Trust Limited|
|Divisions||Guardian News & Media|
Top Right Group (formerly Emap)
GMG Property Services Group
Guardian Media Group plc (GMG) is a British based mass media company owning various media operations including The Guardian and The Observer . The group is wholly owned by Scott Trust Limited, which exists to secure the financial and editorial independence of The Guardian in perpetuity.
The Group's 2018 annual report (year ending 1 April 2018) indicated that its owner, the Scott Trust Endowment Fund, reported a value of £1.01 billion (2017: £1.03bn).
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 LWT, STV, 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.
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. The sale ended the historic connection between The Guardian and Manchester as the sale of the Manchester Evening News was included in the package.The division's local television station for Greater Manchester, Channel M, and two newspapers in Woking were not included in the sale.
In June 2012, Global Radio acquired GMG Radio from Guardian Media Group plc.
In January 2014, GMG disposed of its remaining interest in Trader Media Group.
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.Andrew Miller, previously the chief financial officer of the Group, was chief executive from July 2010 to 2015. David Pemsel took his place in 2015. In January 2020, it was announced that Annette Thomas would become the new chief executive in March 2020.
In October 2017, the Guardian Media Group reported a plan to launch a new £42 million venture capital fund.That plan was consummated, making the Scott Trust a limited partner in GMG Ventures LP, whose Chairman & Co-Founder is David Skipwith Pemsel as of December 2018. 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".
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. She replaced David Pemsel who left to take up a role at the Premier League.
GMG’s core business is Guardian News & Media Limited, publisher of theguardian.com, and The Guardian and The Observer newspapers. Guardian News & Media was formed as Guardian Newspapers Limited in 1967, adopting its present name in 2006.
The group has a portfolio of investments to help support its journalism.They comprise:
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. In 2014, The Guardian launched a membership scheme, aiming to avoid introducing a paywall and maintaining open access to the website. 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.
The board of directors are:
GMG Ventures LLP is a venture capital arm of Guardian Media Group plc specializing in seed, early-stage, incubation and startup investments. The firm seeks to invest in the media technology sector with a focus on artificial intelligence and machine learning tools for journalism; advertising technology, including new formats and fraud detection; technology to enrich reader and customer experiences; payment technologies and other customer platforms; tools or platforms allowing readers to act on content that inspires them; and new forms of content distribution, via audio and voice platforms or virtual, mixed and augmented reality models.Missing or empty
DeHavilland Information Services Ltd is a British media company that provides political monitoring services for public affairs professionals. The company was founded in 1998 by Conservative MP Adam Afriyie but is today owned by business-to-business publishing company Ascential Group.
The Scott Trust Limited is the British company that owns Guardian Media Group and thus the Guardian and the Observer as well as various other media businesses in the UK. In 2008, it replaced the Scott Trust, which had owned the Guardian since 1936.
The Manchester Evening News is a regional daily newspaper covering Greater Manchester in North West England. Founded in 1868, the paper is published Monday–Saturday; a Sunday edition, the MEN on Sunday, was launched in February 2019. The newspaper is owned by Reach plc , one of Britain's largest newspaper publishing groups.
GMG Radio, and for a short while Real and Smooth Limited, was a company that owned the Real Radio and Smooth Radio networks. As GMG Radio, the company was the radio division of the Guardian Media Group until it was bought in 2012 by Global Radio, however pending regulatory review of the merger the company was renamed Real and Smooth Limited and operated as a separate entity, until May 2014.
The Reading Post was an English local newspaper covering Reading, Berkshire and surrounding areas. The title page of the paper featured the Maiwand Lion, a famous local landmark at Forbury Gardens. The paper was most recently published by Surrey & Berkshire Media Ltd., a division of Trinity Mirror plc.
Apax Partners LLP is a British private equity firm, headquartered in London, England. The company also operates out of six other offices in New York, Hong Kong, Mumbai, Tel Aviv, Munich and Shanghai. As of December 2017, the firm, including its various predecessors, have raised approximately $51 billion (USD) since 1981. Apax Partners is one of the oldest and largest private equity firms operating on an international basis, ranked the fourteenth largest private equity firm globally.
Auto Trader Group plc is an automotive classified advertising business. It specialises in new and second hand automotive sales, including cars sold by private sellers and trade dealers. It is listed on the London Stock Exchange, and is a constituent of the FTSE 100 Index.
The Manchester Metro News is a British weekly newspaper published each Friday by Trinity Mirror plc. It was established in 1987 as a free sister paper to the Manchester Evening News featuring a round up of the week's news. These days the paper also has a 12-page supplement called Metromagazine and a total circulation of 308,589 in the south Manchester area . It has a smaller geographical reach than the M.E.N.. It is delivered in south and east Manchester, Stockport, Trafford and the Wilmslow area - and has three separate geographical editions: City, Trafford and Stockport. Most of the content of the paper is the same for all three editions, but a few pages differ, with more local advertising and editorial. In February 2010 along with the Guardian Media Group's other regional and local titles, the newspaper was sold to competitor Trinity Mirror plc. This was in order to safeguard the future of the loss making newspaper The Guardian.
Swinton Insurance is a UK insurance retailer that was established in 1957. The company offers a range of insurance products from a panel of UK insurers covering car, bike, home, commercial, taxi and caravan insurance.
Guardian US is the New York City-based American online presence of the British print newspaper The Guardian. It launched in September 2011, led by editor-in-chief Janine Gibson, and followed the earlier Guardian America service which was wound up in 2009. Guardian US is only available online, although Guardian Weekly, an international version of The Guardian is available in print and online. John Mulholland, appointed in January 2018, is the editor of Guardian US.
Dame Carolyn Julia McCall, is a British businesswoman and the chief executive of ITV since 2018. She previously served as the chief executive of easyJet from 2010 to 2017.
Damovo is a provider of information and communication technology services. It operates in Europe and is owned by the Eli Global.
Katharine Sophie Viner is a British journalist and playwright. She became the first female editor-in-chief at The Guardian on 1 June 2015 succeeding Alan Rusbridger. Viner previously headed The Guardian's web operations in Australia and the United States, before being selected for the editor-in-chief's position.
Keith Reginald Harris is a London-based investment banker and financier with a 30-year career as a senior corporate finance and takeover advisor, having held senior executive positions at leading institutions Morgan Grenfell, Drexel Burnham Lambert, Apax Partners, and HSBC Investment Bank. He is a private equity investor with interests in varied private equity holdings in financials, media, and sport.
Neil Berkett is a New Zealand-born England-based businessperson.
Andrew Arthur Miller is a British accountant and business executive. He was the Chief Executive Officer of the Guardian Media Group from 2010 to 2015. He previously served as Chief Financial Officer of the Trader Media Group from 2004 to 2009, and of the Guardian Media Group from 2009 to 2010.
4imprint Group plc is a London-based direct marketer of promotional merchandise. It has offices in the United States, United Kingdom, Hong Kong and Europe. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.