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Scott Trust Limited

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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.

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54-414: 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 , held

108-572: A .mobi site, and in July 2009, separate versions for differing handset capability levels were released. Auto Trader developed its mobile offering further from March 2010, releasing applications enabling users to search for vehicles on iOS , Android and Windows Mobile devices using augmented reality features. In April 2011 a group called the Motor Traders Advertising Union launched an online petition and proposed

162-414: A Foundation Year, involving 10 colleges, to start in 2023. In April 2022, The Times released an investigation into Rusbridger's conduct while college Principal. A student said she was made to sign a gagging order contained within a separate agreement by Rusbridger and his administration after she accused another student of sexually assaulting her. Ostensibly outlining precautionary safety arrangements,

216-580: A Royal reporter following the Prince and Princess of Wales around Melbourne . Fascinated by gadgets, at this stage he was already using a Tandy word processor and an early (slow) modem to file stories back to London. He left in 1986 to become TV critic of The Observer , then an entirely separate newspaper, before moving to America to be the Washington editor of the short-lived London Daily News in 1987. After returning to The Guardian , he launched

270-538: A cameo part of a TV interviewer. In December 2014, Rusbridger announced he would step down as editor of The Guardian in the summer of 2015. On 20 March 2015, The Guardian announced Katharine Viner as Rusbridger's successor. Rusbridger was to have succeeded Dame Liz Forgan as chair of the Scott Trust in September 2016, but announced on 13 May 2016 that he would not take up the post. The expansion in

324-518: A court hearing, while Aitken was demonstrated to have perjured himself, and served a prison sentence as a result. Seen early in his editorship as a modernising new broom, he commented in June 1997 shortly after the election of Tony Blair 's first New Labour government that the "old" Guardian : "opposed lots of things the Tories did which we'd now think weren't terribly bad in retrospect ... I mean,

378-403: A lot of the trade union stuff doesn't seem as horrendous now as it seemed at the time." From around 1997, he oversaw the launch and development of the newspaper's website, initially known as Guardian Unlimited . In September 2005, The Guardian responded to the tabloid re-launches of The Times and The Independent by moving from a broadsheet format to the "Berliner" format , which

432-593: A market capitalisation of about £2bn and floated on the London Stock Exchange on the FTSE250. In 2020 it was reported that Auto Trader had created a data lake and intelligence platform using services including Amazon Web Services and Google's Looker , and was working to foster a ‘culture of data’ internally by setting up a data academy for employees. Auto Trader granted four months of free advertising to its retailer customers to support them during

486-464: A mass pull out by auto dealers who objected to an increase in the fee for a dealership to advertise a car, from £7 to £8.50, before any discounts for bulk advertisers. Sales of the print magazine dwindled in line with the decline of the print industry . By July 2012, circulation had dropped to an average of 87,000 copies a week and down to 27,000 in March 2013. In June 2013, after thirty six years,

540-525: A reporter and columnist earlier in his career. Rusbridger stood down from the post at the end of May 2015 and was succeeded by Katharine Viner . From 2015 to 2021, Rusbridger was principal of Lady Margaret Hall in the University of Oxford . He was appointed chair of the university's Reuters Institute for the Study of Journalism in 2016. In 2020, Rusbridger was announced as one of the first members of

594-400: A second daughter (born May 1986). Isabella is a journalist and author, known professionally as Bella Mackie to distinguish herself from her father. Her novel How to Kill Your Family , released in June 2021, became a Sunday Times bestseller and sold over a million copies. She is married to BBC Radio 1 presenter Greg James . Rusbridger received an Honorary Doctorate of Letters from

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648-474: A series of pay cuts, bringing his revenue to £395,000 in fiscal year 2012. He expanded the publishing bases of the paper, opening American and Australian editions. As editor-in-chief, in August 2013 Rusbridger took the decision to destroy hard drives containing information leaked to The Guardian by Edward Snowden , rather than comply with a government demand to hand over the data. An alternative action

702-579: A small scale pilot like this to help us identify innovative ways to recruit under-represented groups. I wish the programme at Lady Margaret Hall every success." The fully funded scheme was launched in October 2016 with the first 10 students, and each year since between 8 and 10 years students have taken part. Cambridge University announced it would be starting its own fully-funded Foundation year scheme. The first 42 students were admitted in October 2022. Oxford University announced it would also be starting

756-491: A victim of sexual abuse by a former IRA member. The reporter was Roy Greenslade who, at the time, had not acknowledged that he was an IRA supporter. Rusbridger announced his resignation from the commission on 14 March 2021. In 1982, he married the educationalist Lindsay Mackie, daughter of the politician and farmer George Mackie, Baron Mackie of Benshie . She helped found the educational charity FILMCLUB . They have two daughters: Isabella Rusbridger (born 28 July 1983) and

810-479: Is 06706464 and it is a company limited by shares . The Scott Trust Limited is governed according to the articles of association , set up in 2008 and filed at Companies House . The articles say that the board of directors must guard editorial independence. The board appoints itself under article 63, through an appointments committee. Neither workers at the newspapers nor readers participate in voting for board members. Such voting could be allowed with 75% approval of

864-633: Is barred from paying dividends, and "its constitution has been carefully drafted to ensure that no individual can ever personally benefit from the arrangements." 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

918-475: Is common in the rest of Europe. The print edition of the newspaper still accounted for about 75% of the company's revenue around 2012. In a profile of Rusbridger though, published in the New Statesman at the end of May 2012, former newspaper editor Peter Wilby cast doubt on whether Rusbridger's enthusiasm for online journalism, freely available without a paywall, and the large amount of money invested by

972-592: Is its online marketplace, where consumers buy and sell cars and other vehicles, and where car dealerships advertise and sell their stock, both new and used, to consumers. Retailers pay to advertise vehicles, and consumers also pay a fee unless the transaction is less than £1,000. The Auto Trader website was ranked first in the UK in the vehicles category by Similarweb and Eighth globally in January 2024. As of February 2024, Auto Trader's mobile app had ratings of 4.8/5 on

1026-569: Is listed on the London Stock Exchange trading under the ticker symbol AUTO , and is a constituent of the FTSE 100 Index . Auto Trader was founded by John Madejski , Paul Gibbons and Peter Taylor as Thames Valley Trader in 1977. It was rebranded Auto Trader in 1988. The first title was followed by the publication of a second one, Southern Auto Trader . The company launched a website, Autotrader.co.uk, in 1996, giving people

1080-479: Is not quite right to call them "excluded". They are as bright, resourceful and determined as anyone who has succeeded in getting here, but many things may have conspired to stop them even considering Oxford as an option." The move was welcomed by the Vice Chancellor of Oxford, Louise Richardson . She told The Guardian : "One of the many advantages of the collegiate system is that it allows us to engage in

1134-444: Is scope for improvement in our non-academic disciplinary procedures, which includes how the college deals with allegations of sexual assault and harassment. We have established a working party, with external members, which is currently reviewing these procedures" and agreed to become the first Oxford University college to sign the government backed Can't Buy My Silence pledge to not use non-disclosure agreements (NDAs). In response to

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1188-488: Is the son of B. E. ( née Wickham) and G. H. Rusbridger, the director of education of Northern Rhodesia. When Rusbridger was five, the family returned to Britain and he was educated at Lanesborough Prep School, Guildford, where he was also a chorister at Guildford Cathedral, and Cranleigh School , a boys' public (independent and fee-paying) school in Surrey. At Magdalene College, Cambridge , he read English Literature. During

1242-629: The COVID-19 pandemic . In 2022, Auto Trader began a partnership with the Office for National Statistics sharing its used car pricing data to power its official measures of inflation, including the Consumer Prices Index. Also in 2022, Auto Trader acquired Autorama, owner of Vanarama, one of the UK’s largest transactional marketplaces for leasing new vehicles. At the core of Auto Trader

1296-688: The Guardian , A. P. Wadsworth . It has become normal practice for a Guardian journalist to be a member of the trust, though they are not considered to be a "representative" of the staff, as this may result in a conflict of interests. In 1992, the Trust identified its central objective: The Trust saw its main functions as being the following: The second Trust had five Chairmen over its 60 years: Alfred Powell Wadsworth (1948–56), Richard Farquhar Scott (1956–84), Alastair Hetherington (1984–89), Hugo Young (1990–2003) and Liz Forgan . In October 2008, it

1350-575: The Oversight Board created by Facebook , with his appointment as the incoming editor of Prospect magazine announced in July 2021. He is an amateur pianist and published Play It Again, a book about his story of rediscovering the joy of performing Chopin Ballade No. 1 later in his life. Rusbridger was born in Lusaka , Northern Rhodesia , a British protectorate (now Zambia ). He

1404-617: The Police Federation and the Conservative MPs, Neil Hamilton and Jonathan Aitken . In the case involving Hamilton and the lobbyist Ian Greer , he said: "They weren't going to fight us in the court so they tried to do it through the TV studio." Rusbridger countered them by being available for TV interviews over three days to ensure that their version of events did not gain precedence. Hamilton's case collapsed shortly before

1458-554: The US First Amendment protection would make it harder for the government to intervene. The Guardian shared the 2014 Pulitzer Prize for Public Service with The Washington Post . The Pulitzer committee praised The Guardian for its "revelation of widespread secret surveillance by the National Security Agency , helping through aggressive reporting to spark a debate about the relationship between

1512-505: The University of Lincoln in September 2009, from the University of Kingston in January 2010 and from the University of Oslo in September 2014. He was one of the 2014 recipients of the Right Livelihood Award . Auto Trader Group Carzone (former) Auto Trader Group plc , commonly known as Auto Trader , is a British automotive online marketplace and classified advertising business. Auto Trader

1566-497: The "Weekend" supplement in 1988, followed by the paper's "G2" section. He became features editor in 1994. Rusbridger was appointed as the editor of The Guardian by the Scott Trust in late January 1995 after a decisive vote of the National Union of Journalists chapel, management and trustees in an electoral college. As editor, he defended the paper against a number of high-profile defamation suits, including those from

1620-690: 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". The Trust was established in 1936 by John Russell Scott , owner of the Manchester Guardian (as it then was) and the Manchester Evening News . After the deaths in quick succession of his father C. P. Scott and brother Edward , and consequent threat of death duties , John Scott wished to prevent future death duties forcing

1674-559: The NSA revelations. In 2020, he joined its panel of judges. On 29 September 2020, the office of the Irish Taoiseach announced that Rusbridger was to be a member of Ireland's Future of Media Commission, a body to make recommendations about the future of the country's news media. Máiría Cahill called upon Rusbridger to resign from this position because in October 2014 The Guardian carried an article critical of her claims to have been

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1728-535: The ability to buy or sell a car online. British international investment firm BC Partners bought a stake in the business from John Madejski in July 1998 for £260m; then Guardian Media Group , who had acquired Automart in 1982, merged that business with Hurst Publishing in May 2000 so creating Trader Media. Auto Trader launched a mobile website in 2002, initially using the WAP protocol. In July 2008, Auto Trader launched

1782-558: The agreement also stipulated the student must "not make any information about the allegations, the police investigation or Lady Margaret Hall safeguarding arrangements available to any form of public media" under threat of expulsion from the college. Rusbridger denied it was a gagging order but said the college "asked both parties to refrain from public comment while the case was active". Once the student sought legal help, she said Rusbridger "tried desperately to convince her not to complain". The college, under Rusbridger's successor, later settled

1836-608: The article, the Charity Commission announced it was in urgent contact with the college over its failure, as a registered charity, to make a "serious incident report" when the original assault was reported. Michelle Donelan , then Minister of State for Higher and Further Education , said the college's decision was "morally bankrupt" and Lady Margaret Hall should be "ashamed". He is visiting Fellow of Nuffield College, Oxford , and visiting professor of history at Queen Mary, University of London . Between 2004 and 2013, he

1890-458: The closure or sale of the newspapers, and to protect the liberal editorial line of the Guardian from interference by future proprietors. The first and only chairman of the first Trust was John Scott. The Trust was dissolved and reformed in 1948, as it was thought that the Trust, under the terms of the original Trust Deed, had become liable to tax due to changes in the law. At this time John Scott also gave up his exclusive right to appoint trustees;

1944-547: The difficulties of taking on a piece considered by many professional pianists as daunting. Rusbridger appears in the 2016 film Snowden , with a cameo role as a meeting moderator. He has written three children's books, as well as being the co-author (with Ronan Bennett ) of a BBC drama, Fields of Gold . In 2014, he received the Special Award from the European Press Prize for his leading role in

1998-502: The existing board of directors under article 7. Besides the GMG businesses, the company has a charitable wing: The Guardian Foundation led by Executive Director Kelly Walls. Alan Rusbridger Alan Charles Rusbridger (born 29 December 1953) is a British journalist and editor of Prospect magazine. He was formerly editor-in-chief of The Guardian and then principal of Lady Margaret Hall, Oxford . Rusbridger became editor-in-chief of The Guardian in 1995, having been

2052-602: The final editions of the printed magazine were published, with the company concentrating on its online business. In October 2013, AutoTrader.co.za (Auto Trader South Africa) a subsidiary of the Auto Trader Group, was sold off to become an independent South African company. In January 2014, Apax Partners bought the business from Guardian Media Group for £600m. In March 2014, the company rebranded, and became known as Auto Trader, and in March 2015, Auto Trader Group launched an initial public offering , with

2106-473: The government and the public over issues of security and privacy". Edward Snowden said his actions in leaking the documents that formed the basis of the reporting "would have been meaningless without the dedication, passion, and skill of these newspapers". On 3 December 2013, Rusbridger gave evidence before a Home Affairs Select Committee hearing on counterterrorism at the UK Parliament with regard to

2160-476: The group, would ever gain a return or ensure the long-term survival of the newspaper. Until May 2016, he was a member of the board of Guardian News and Media, of the main board of the Guardian Media Group and of the Scott Trust , which owns The Guardian and The Observer , of which he was executive editor. Rusbridger received £471,000 in pay and benefits in 2008–2009, but then volunteered to

2214-604: The later years of Rusbridger's editorship led to unsustainable losses and several hundred job cuts were planned. According to a report in The Times in April 2016, staff were opposed to Rusbridger returning. Viner and chief executive David Pemsel were also opposed to Rusbridger becoming chair of the Scott Trust. On 17 December 2014, a week after it was published that Rusbridger was stepping down as editor of The Guardian , it

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2268-519: The personal injury claim, paying the student's damages and legal costs. The Times article also details the accounts of eight other students whose experiences corroborate that of the original student. Repeated failures are detailed by the students who felt let down by the college's welfare and safeguarding systems and the responses of staff to allegations of sexual assault while Rusbridger was Principal. The-then Acting Principal of Lady Margaret Hall, Christine Gerrard, said "LMH has recognised that there

2322-621: The position from 1995 until 2015. The current chairman of the Scott Trust Board is Ole Jacob Sunde, who replaced Alex Graham in 2021. Other board members include the current editor-in-chief Katharine Viner , Guardian legal affairs correspondent Haroon Siddique 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, according to

2376-562: The publication of information leaked by Snowden. In its report, the Committee said that Rusbridger gave "open and transparent evidence", while National Security Adviser and MI5 officials declined. In the film The Fifth Estate (2013), about The Guardian ' s former association with the WikiLeaks founder Julian Assange , Rusbridger was portrayed by Peter Capaldi . In Oliver Stone 's 2016 movie, Snowden , Rusbridger played

2430-555: The sale for £619 million of its 50.1% stake in Auto Trader on 4 March 2014. Apax Partners , a venture capital firm, increased its share to become the sole shareholder in the business. The £619 million earned from the sale of Auto Trader adds to the £253.7 million of cash and investments which GMG published in its 2013 annual report. This leaves an investment fund which is likely to be in excess of £850 million to underwrite Guardian losses. In December 2014, it

2484-510: The trust apologised for the newspaper's founders involvement in transatlantic slavery principally through the cotton trade. It announced a £10 million ten-year programme of restorative justice . In November 2024, Jonathan Paine was appointed to the board of the Scott Trust. Paine is a former managing director and senior adviser at Rothschild & Co. Scott Trust Limited was incorporated on 24 September 2008 as Scott Place 1001 Limited , and adopted its current name on 3 October 2008; its number

2538-551: The trustees would henceforth appoint new members themselves. Five months after the signing of the new Trust Deed, John Scott died. After three years of legal argument, the Inland Revenue gave up its claim for death duty. The eight initial trustees of the 1948 Trust were all connected with the Manchester Guardian and Evening News, Ltd., and included four of C. P. Scott's grandsons as well as the then editor of

2592-533: The vacations of his first two years at university, he worked for the Cambridge Evening News as an intern, and accepted a job offer from the newspaper after graduation. He stayed with the Evening News until 1979. He then joined The Guardian as a reporter, and subsequently wrote the paper's diary column and later became a feature writer. In November 1985, Rusbridger had a brief stint as

2646-472: Was agreed and in the presence of the authorities the drives were destroyed. Rusbridger described performing the task as "slightly pointless": "Given that there were other copies, I saw no reason not to destroy this material ourselves." Rather than cease publication of the Snowden material, Rusbridger transferred the editing operation to New York, sharing the material with The New York Times . He believed that

2700-611: Was announced that Alan Rusbridger , then Guardian editor-in-chief, would succeed Forgan as the chairman of the company in 2016 but he unexpectedly announced on 13 May 2016 his resignation as a director. As of January 2016, the company's funds were £740 million, down from £838.3 million in July 2015. As of 1 April 2018, the value of the Scott Trust Endowment Fund was £1.01 billion, down slightly from £1.03 billion in 2017. In 2023, following independent academic research commissioned in 2020 reporting,

2754-523: Was announced that Rusbridger had been elected principal of Lady Margaret Hall (LMH), a constituent college of Oxford University . He stepped down as principal in 2021. In January 2016 Rusbridger led Lady Margaret Hall to explore starting a Foundation Year for young people from under-represented backgrounds. It was based on a 20-year project at Trinity College, Dublin . Announcing the scheme, Rusbridger wrote: "there are groups of young people today who are markedly under-represented at Oxford, even if it

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2808-555: 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 . The core purpose of the Trust was enshrined in the constitution of the Limited company and "cannot be altered or amended." The new company

2862-568: Was chair of the National Youth Orchestra of Great Britain . He is a governor of the Ditchley Foundation , an organisation which exists to promote international relations, and 10:10 , a British climate change campaign for a 10% reduction in carbon emissions in 2010. He is an amateur pianist and performed Chopin's Ballade No. 1 for the television channel More4 in "Rusbridger vs Chopin", where he speaks about

2916-550: Was finalised on 28 March 2010 and ended the Scott Trust's association with regional newspapers. In 2012 the Scott Trust Limited became a co-founder of the European Press Prize . Guardian News and Media, a subsidiary of the Scott Trust Limited, reported a loss of £30.9 million for the year to the end of April 2013. The company via the Guardian Media Group (GMG, a subsidiary company) completed

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