Guardian News & Media
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| Public limited company | |
| Industry | Media |
| Founded | 1907 (Manchester Guardian) 1993 (Guardian Media Group plc) |
| Founder | C. P. Scott |
| Headquarters | London, United Kingdom |
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Area served
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England, Wales |
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Key people
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Amelia Fawcett Andrew Miller Alan Rusbridger |
| Products | Newspapers, websites |
| Revenue | £254.4 million |
| Owner | Scott Trust Limited |
| Divisions | Guardian News & Media Top Right Group (formerly Emap) GMG Property Services Group |
| Website | www |
Guardian Media Group plc (GMG) is a British 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 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
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.
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Wikipedia