Guardian Media Group

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 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).[2]

Guardian Media Group plc
Public limited company
IndustryMedia
Founded1907 (Manchester Guardian)
1993 (Guardian Media Group plc)
FounderC. P. Scott
Headquarters,
United Kingdom
Area served
England, Wales
Key people
Amelia Fawcett
Andrew Miller
ProductsNewspapers, websites
RevenueIncrease £254.4 million (2017 - 2018)[1]
Increase £8.5 million[1]
Increase £8 million[1]
OwnerScott Trust Limited
DivisionsGuardian News & Media
Top Right Group (formerly Emap)
GMG Property Services Group
Websitewww.theguardian.com/gmg

History

The company was founded as the Manchester Guardian Ltd. in 1907 when C. P. Scott bought the Manchester Guardian (founded in 1821)[3] 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.[4] Launched in November 2006,[5] it made selections from The Guardian and The Observer’s magazine supplements available to an international audience of English-speakers.[6] 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.[7] 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.[8]

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.[9] 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.[10]

In January 2014, GMG disposed of its remaining interest in Trader Media Group.[11]

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.[12] 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.[13]

In October 2017, the Guardian Media Group reported a plan to launch a new £42 million venture capital fund.[14] 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. [15] 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".[16]

Group structure

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.[17] They comprise:

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

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,[18] but in the 2011/12 year the group lost £75.6 million,[19] 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.[20] 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.[21]

Corporate governance

Board of directors

The board of directors are:[22]

Notes and references

  1. ^ a b c "Annual Report and Consolidated Financial Statements for the year ended 1 April 2018", Guardian Media Group, April 1, 2018
  2. ^ "Guardian Media Group plc (GMG) results for the financial year ended 1 April 2018". The Guardian. 24 July 2018.
  3. ^ "History | Guardian Media Group PLC". Gmgplc.co.uk. Retrieved 2013-10-25.
  4. ^ "Guardian to launch monthly mag". Press Gazette. 2006-09-05. Retrieved 2018-09-27.
  5. ^ "Media choice: Guardian Monthly". Campaign. 2006-11-29. Retrieved 2018-09-27.
  6. ^ Armstrong, Murray (2006-10-05). "New Guardian Monthly mag to be launched". The Guardian. Retrieved 2018-09-27.
  7. ^ "Guardian Monthly ceases publication". Press Gazette. 2007-07-30. Retrieved 2018-09-27.
  8. ^ Mark Sweney. "Emap confirms B2B sale to GMG and Apax". the Guardian.
  9. ^ "Manchester Evening News sold by Guardian Media Group". Manchester Evening News. 2010-02-09. Archived from the original on 2012-09-09. Retrieved 2010-02-09.
  10. ^ "Global Radio acquires GMG Radio | Guardian Media Group PLC". Gmgplc.co.uk. 2012-06-25. Retrieved 2013-10-25.
  11. ^ "Guardian Media Group to divest holding in Trader Media". gmgplc.co.uk. 2014-01-21. Retrieved 2014-01-25.
  12. ^ Davies, Caroline (23 March 2010). "Guardian group chief executive Carolyn McCall to join easyJet". The Guardian. Retrieved 12 December 2015.
  13. ^ Sweney, Mark (18 June 2015). "Guardian Media Group appoints David Pemsel as chief executive". The Guardian. Retrieved 12 December 2015.
  14. ^ "The Guardian turns venture capitalist in hunt for new income". The Telegraph. 18 October 2017.
  15. ^ Bloomberg. 17 December 2018 https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=541561120. Retrieved 17 December 2018. 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 |title= (help)
  16. ^ "Guardian Media Group plc (GMG) results for the financial year ended 1 April 2018". The Guardian. 24 July 2018.
  17. ^ "Our investments | Guardian Media Group PLC". Gmgplc.co.uk. Retrieved 2013-10-25.
  18. ^ "The Scott Trust - The Guardian". the Guardian.
  19. ^ "Guardian Media Group plc (GMG) announces full-year results for 2011/2012". the Guardian.
  20. ^ "Can The Guardian Survive?". More Intelligent Life. Retrieved 2013-10-25.
  21. ^ Viner, Katharine (12 November 2018). "The Guardian's reader funding model is working. It's inspiring". The Guardian. Retrieved 12 November 2018.
  22. ^ "GMG board". Guardian News and Media. 23 July 2015. Retrieved 28 January 2016.

External links

2014 in France

Events from the year 2014 in France.

Auto Trader Group

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.

Channel M

Channel M was a regional television station, serving Greater Manchester. The station, originally known as Manchester Student Television, was owned and operated by the GMG Regional Media division of Guardian Media Group.

Colm Tóibín

Colm Tóibín (Irish pronunciation: [ˈkɔl̪ˠəmˠ t̪ˠoːˈbʲiːnʲ]; born 30 May 1955) is an Irish novelist, short story writer, essayist, playwright, journalist, critic and poet.Tóibín is currently Irene and Sidney B. Silverman Professor of the Humanities at Columbia University and succeeded Martin Amis as professor of creative writing at the University of Manchester. He was appointed Chancellor of the University of Liverpool in 2017.Called "a champion of minorities" by Arts Council director Mary Cloake as he collected the 2011 Irish PEN Award, that same year John Naughton of The Observer included Tóibín among his list of Britain's three hundred "public figures leading our cultural discourse" — despite his being Irish.

Facebook

Facebook, Inc. is an American online social media and social networking service company. It is based in Menlo Park, California. It was founded by Mark Zuckerberg, along with fellow Harvard College students and roommates Eduardo Saverin, Andrew McCollum, Dustin Moskovitz and Chris Hughes. It is considered one of the Big Four technology companies along with Amazon, Apple, and Google.The founders initially limited the website's membership to Harvard students and subsequently Columbia, Stanford, and Yale students. Membership was eventually expanded to the remaining Ivy League schools, MIT, and higher education institutions in the Boston area. Facebook gradually added support for students at various other universities, and eventually to high school students. Since 2006, anyone who claims to be at least 13 years old has been allowed to become a registered user of Facebook, though variations exist in this requirement, depending on local laws. The name comes from the face book directories often given to American university students. Facebook held its initial public offering (IPO) in February 2012, valuing the company at $104 billion, the largest valuation to date for a newly listed public company. It began selling stock to the public three months later. Facebook makes most of its revenue from advertisements that appear onscreen.

The Facebook service can be accessed from devices with Internet connectivity, such as personal computers, tablets and smartphones. After registering, users can create a customized profile revealing information about themselves. Users can post text, photos and multimedia of their own devising and share it with other users as "friends". Users can use various embedded apps, and receive notifications of their friends' activities. Users may join common-interest groups.

Facebook had more than 2.3 billion monthly active users as of December 2018. It receives prominent media coverage, including many controversies such as user privacy and psychological effects. The company has faced intense pressure over censorship and over content that some users find objectionable.

Facebook offers other products and services. It acquired Instagram, WhatsApp, Oculus Rift, and GrokStyle and independently developed Facebook Messenger.

GMG Radio

GMG Radio, and for a short while Real and Smooth Limited, was a company which 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.

Guardian Australia

Guardian Australia is the Australian presence of the global online publication and British print newspaper, The Guardian.

Available solely in an online format, the newspaper's launch was led by Katharine Viner in time for the 2013 Australian federal election and followed the introduction of Guardian US in 2011. As with other Guardian Media Group publications, Guardian Australia is ultimately owned by The Scott Trust, which aims to stay independent and free from 'commercial pressures'. The online publication relies on digital advertising and voluntary reader donations or subscriptions for revenue, eschewing enforced paywalls implemented by other news websites.Guardian Australia is only available online, although Guardian Weekly is also available in print edition.

Guardian Australia's headquarters is based in the Sydney suburb of Surry Hills, with bureaux in Melbourne and Canberra. It employs over 80 journalists, editors and other personnel as of 2018, including editor-in-chief Lenore Taylor who assumed responsibilities in 2016.Prior to its 2013 launch the British edition of the website was already popular with Australian audiences, with over 1.3 million users per month helping it rank just outside the top 10 most-visited news websites in Australia. Guardian Australia has subsequently become one of the top 5 most visited news websites in the country.

Holby City (series 2)

The second series of the British medical drama television series Holby City commenced airing in the United Kingdom on BBC One on 25 November 1999, and concluded on 9 March 2000.

Manchester Evening News

The Manchester Evening News (sometimes abbreviated to the MEN) 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 (formerly Trinity Mirror),[2] one of Britain's largest newspaper publishing groups.

Since adopting a 'digital-first' strategy in 2014, the publication has experienced huge online growth, while its average print daily circulation for the first half of 2018 was 36,715. In the 2018 British Regional Press Awards, it was named Newspaper of the Year and Website of the Year.

Murder of Joanna Yeates

Joanna Clare Yeates (19 April 1985 – 17 December 2010) was a landscape architect from Hampshire, England, who went missing on 17 December 2010 in Bristol after an evening out with colleagues. Following a highly publicised appeal for information on her whereabouts and intensive police enquiries, her body was discovered on 25 December 2010 in Failand, North Somerset. A post-mortem examination determined that she had been strangled.

The murder inquiry, codenamed Operation Braid, was one of the largest police investigations ever undertaken in the Bristol area. The case dominated news coverage in the United Kingdom around the Christmas period as Yeates' family sought assistance from the public through social networking services and press conferences. Rewards amounting to £60,000 were offered for information leading to those responsible for Yeates' death. The police initially suspected and arrested Christopher Jefferies, Yeates' landlord, who lived in a flat in the same building. He was subsequently released without charge.

Vincent Tabak, a 32-year-old engineer and neighbour of Yeates, was arrested on 20 January 2011. Media attention at the time centred on the filming of a re-enactment of her disappearance for the BBC's programme, Crimewatch. After two days of questioning, Tabak was charged on 22 January 2011 with Yeates' murder. On 5 May 2011, he pleaded guilty to Yeates' manslaughter, but denied murdering her. His trial started on 4 October 2011; he was found guilty of murder on 28 October 2011, and sentenced to life imprisonment with a minimum term of 20 years.

The nature of press reporting on aspects of the case led to legal proceedings against several UK newspapers. Libel action was brought by Jefferies against eight publications over their coverage of his arrest, resulting in the payment to him of substantial damages. The Daily Mirror and The Sun were found guilty of contempt of court for reporting information that could prejudice a trial.

A memorial service was held for Yeates at the parish church in the Bristol suburb where she lived; her funeral took place near the family home in Hampshire. Several memorials were planned, including one in a garden she had been designing for a new hospital in Bristol.

Raquel Watts

Raquel Watts (also Wolstenhulme) is a fictional character from the British ITV soap opera, Coronation Street, played by Sarah Lancashire.

Sarah Lancashire

Sarah-Jane Abigail Lancashire, (born 10 October 1964) is an English actress from Oldham, Lancashire. She graduated from the Guildhall School of Music and Drama in 1986 and began her career in local theatre, whilst teaching drama classes at the University of Salford. Lancashire found popular success in television programmes including Coronation Street (1991–1996, 2000), Where the Heart Is (1997–1999), Clocking Off (2000) and Seeing Red (2000) and earned widespread recognition. In July 2000, Lancashire signed a two-year golden handcuffs contract with the ITV network which made her the UK's highest paid television actress.

Subsequent television roles include the costume dramas Oliver Twist (2007), Lark Rise to Candleford (2008–2011) and The Paradise (2012), and the fact based dramas Cherished (2005) and Five Daughters (2010). Since 2012, Lancashire has earned extensive critical acclaim for her roles in the contemporary drama series Last Tango in Halifax (2012–2016) and Happy Valley (2014–present). Lancashire has also appeared in the feature films And When Did You Last See Your Father? (2007) and Dad's Army (2016), and West End theatre productions including Blood Brothers in 1990, Guys and Dolls from 2005 to 2006 and Betty Blue Eyes in 2011.

Her combined acting credits have earned Lancashire a number of awards and nominations over a career spanning four decades, including two British Academy Television Award wins out of five nominations. She was appointed an Officer of the Order of the British Empire (OBE) in the 2017 Birthday Honours for services to drama.

Scott Trust Limited

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 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, was there from 1995 until 2015.

The current chair of the Scott Trust Board is Alex Graham, who replaced Liz Forgan in 2016. Other board members include the current editor-in-chief Katharine Viner, Guardian finance editor Nils Pratley 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, 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".

Surrey Advertiser

The Surrey Advertiser is a newspaper for Surrey, England which was established in 1864 and gradually evolved into the Surrey Advertiser Group of seven more localised titles. Guardian Media Group sold the Group to current owner Trinity Mirror in 2010. The head office is in Stoke Mill, Guildford.In March 2009 the News and Mail Series ended in the light of the more recent parallel titles within the same group which covered the same areas, principally the Surrey Herald: (various locality editions) and Guardian series. These three current titles, altogether, have the highest local paper circulation in Surrey. The series has moved universally to colour format. The Group is collectively branded also as the Get Surrey group, particularly its web presence.Its history is one of multiple acquisitions to expand its territory. The largest single expansion was in 2009 when GMG bought the Esher News & Mail Group another broadsheet weekly newspaper first published in 1936. This added five editions, covering towns in the Elmbridge borough of Surrey.

TheGuardian.com

TheGuardian.com, formerly known as Guardian.co.uk and Guardian Unlimited, is a British news and media website owned by the Guardian Media Group. It contains nearly all of the content of the newspapers The Guardian and The Observer, as well as a substantial body of web-only work produced by its own staff, including a rolling news service. As of November 2014, it was the second most popular online newspaper in the UK with over 17 million readers per month; with over 21 million monthly readers, Mail Online was the most popular.The site is made up of a core news site, with niche sections and subsections covering subjects including sport, business, environment, technology, arts and media, and lifestyle. TheGuardian.com is notable for its engagement with readers, including long-running talkboards and, more recently, a network of weblogs. Its seven blogs were joined on March 14, 2006, by a new comment section, "Comment is free", which has since merged into its Opinion section.

The site can be viewed without cost or registration, though some services such as leaving comments on articles require users to register. In March 2009, Guardian.co.uk launched their API, using the OAuth protocol and making a wide range of Guardian content available for use by web application developers.

The National (Scotland)

The National is a Scottish daily newspaper that is owned by the publisher Newsquest. It began publication on 24 November 2014, and was the first daily newspaper in Scotland to support Scottish independence. Launched as a response to calls from Newsquest's readership for a pro-independence paper in the wake of the 2014 Scottish independence referendum, it is a sister paper of The Herald and the Sunday Herald, and is edited by Callum Baird. Initially published on weekdays, a Saturday edition was added in May 2015. The National is printed in tabloid format, and is also available via online subscription.

Details of its launch were announced on 21 November, with further information given at a Scottish National Party (SNP) rally the following day. It was launched on a five-day trial basis against the backdrop of a general decline in newspaper sales, with an initial print-run of 60,000 copies for its first edition, but this was increased the following day as a result of public demand, and Newsquest decided to print it on a permanent basis after healthy sales continued throughout the first week. The first front page carried a story about charities urging devolution of powers over welfare legislation to Scotland.

Reception to the newspaper's launch was mixed in both media and political circles. Libby Brooks of The Guardian noted that its international coverage was strong but that its news was "central belt-centric – and Holyrood-filtered", while the Labour peer George Foulkes branded it "McPravda". However, the Scottish journalist and broadcaster Lesley Riddoch was more positive, feeling its launch could be a "sound business move" by its publishers. Upon its launch, The National stated that it is a separate entity from the SNP.

By January 2015, daily sales had fallen to below 20,000. The following year, its print edition dropped below 10,000, and was being outsold by every Scottish regional daily newspaper with the exception of the Paisley Daily Express.

The Observer

The Observer is a British newspaper published on Sundays. In the same place on the political spectrum as its sister papers The Guardian and The Guardian Weekly, whose parent company Guardian Media Group Limited acquired it in 1993, it takes a social liberal or social democratic line on most issues. First published in 1791, it is the world's oldest Sunday newspaper.

Women's Equality Party

The Women's Equality Party is a feminist political party set up in the United Kingdom in 2015. The idea was conceived by Catherine Mayer and Sandi Toksvig at the Women of the World Festival, when they concluded that there was a need for a party to campaign for gender equality to the benefit of all. The launch meeting was on 28 March 2015 under the title "The Women's Equality Party needs you. But probably not as much as you need the Women's Equality Party". The party's full policy was launched by its then leader, Sophie Walker, at Conway Hall, on 20 October 2015. Its interim leader is Mandu Reid.

Guardian Media Group
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