Guardian Media 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 the Scott Trust Limited, which exists to secure the financial and editorial independence of The Guardian in perpetuity. The Group's 2022 annual report (for the year ending 3 April 2022) indicated that the Scott Trust Endowment Fund was valued at £1.28 billion, while in 2021 it was valued at £1.14 billion. History 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.