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.
* 1 History * 2 Group structure
* 3 Corporate governance
* 3.1 Board of directors
* 4 References * 5 External links
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 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.
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* ^ "History Guardian Media Group PLC". Gmgplc.co.uk. Retrieved 2013-10-25. * ^ Mark Sweney. "Emap confirms B2B sale to GMG and Apax". _the Guardian_. * ^ " 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. * ^ "Global Radio acquires GMG Radio Guardian Media Group PLC". Gmgplc.co.uk. 2012-06-25. Retrieved 2013-10-25. * ^ " Guardian Media Group to divest holding in Trader Media". gmgplc.co.uk. 2014-01-21. Retrieved 2014-01-25. * ^ Davies, Caroline (23 March 2010). "Guardian group chief executive Carolyn McCall to join easyJet". _The Guardian_. Retrieved 12 December 2015. * ^ Sweney, Mark (18 June 2015). " Guardian Media Group appoints David Pemsel as chief executive". _The Guardian_. Retrieved 12 December 2015. * ^ "Our investments Guardian Media Group PLC". Gmgplc.co.uk. Retrieved 2013-10-25. * ^ "The Scott Trust - The Guardian". _the Guardian_. * ^ " Guardian Media Group plc (GMG) announces full-year results for 2011/2012". _the Guardian_. * ^ "Can The Guardian Survive?". More Intelligent Life. Retrieved 2013-10-25. * ^ "GMG board". Guardian News and Media. 23 July 2015. Retrieved 28 January 2016.