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 Scott Trust Limited: 2008–present
In October 2008 it was announced that the trust was being wound up and its assets transferred to a new limited company named "The Scott Trust Limited" to strengthen the protection it offers to the Guardian and because [l]ike all non-charitable trusts, and unlike limited companies, the Scott Trust has a finite lifespan.[6] The core purpose of the Trust was enshrined in the constitution of the Limited company and "cannot be altered or amended." The new company is barred from paying dividends, and "its constitution has been carefully drafted to ensure that no individual can ever personally benefit from the arrangements."[7]
In February 2010, the company announced the sale of its GMG Regional Media arm and its regional print titles to the Trinity Mirror Group. The regional titles comprised the Manchester Evening News and 31 others in the North West and South of England. The sale was finalised on 28 March 2010 and ended the Scott Trust's association with regional newspapers.
Trinity Mirror Group
It is one of Britain's biggest newspaper groups, publishing 240 regional papers in addition to the national Daily Mirror, Sunday Mirror, The Sunday People, as well as the Scottish Sunday Mail and Daily Record. Since purchasing Local World, it has gained 83 print publications. Trinity Mirror's headquarters are at Canary Wharf in London. Listed on the London Stock Exchange, it is a constituent of the FTSE SmallCap Index.
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