The Guardian Industry Flashcards
What kind of newspaper is the Guardian?
broadsheet
What was the Guardian originally called and why did it change its name?
Known as the Manchester Guardian, but changed to the Guardian in 1959 to reflect its increasing coverage of national and international news
When was the Guardian founded?
1821
Which group is the Guardian a part of?
Guardian Media Group, a world leading media organisation
Who owns the Guardian?
The Scott Trust
How is the Guardian regulated?
Not by IPSO; self regulated
In what two ways has the change of consumer habits (moving to the Internet) impacted the amount of money made by newspapers
They make less money from the number of papers sold
Advertisers have demanded they pay less for space because less people are seeing it.
What are some of the ways papers can make money since print sales have declined?
Websites (advertising)
Digital subscriptions
Paper subscriptions (deliveries etc)
Apps (advertising and subscriptions)
Exclusive online content (Mail+)
Why has the Daily Mail remained more resilient in its print sales than the Guardian?
It has an older target audience who are slower to move to technology. However, while the Daily Mail remains popular with older consumers, The Guardian is slowly beginning to have more reader than ever before because they are trustworthy, which is what young professionals want
How has the Guardian tried to attract traffic to their site
The Guardian has tried to attract more online traffic through their ‘Comment is Free’ section which features regular columnists who comment on various social, political and cultural issues
What are the positives of the Guardian being owned by the Scott Trust?
-frees the newspaper from the domination and influence of an individual owner and from the need to respond to short-term business interests.
-journalists know they will be supported in their work
-The return on investment for the trust is the quality of the journalism – not a financial dividend.
-continue to pursue values in our journalism: honesty, integrity, courage, fairness and a sense of duty to the reader and to the community.
-The Guardian media group invests money mainly into the website as well as the paper to ensure its stability
-it means the paper is more flexible in terms of its name and structure (print vs online)
Why bother having the Scott Trust if it doesn’t control the newspaper
-it’s essential that our journalism is matched by an efficient and profitable company that takes a long view of how to deploy resources – for instance, in managing the difficult transition from the print marketplace to the turmoil of the digital world.
-The trust has a sizeable investment portfolio which it uses partly to support the journalism year on year and partly to invest in long-term structural change to keep up with digital transformation
-The trust also appoints editor in chief and chair of the GMG
-Prevented the Guardian being bought by the Times and was able to buy the Observer
How is the Guardian trying to stay a float in response to economic pressures?
their membership scheme offers certain benefits in return for donations
at the start of a journey as a supporter led organisation
“native ad units that use the voice of editorial” to ask readers if they would consider making some sort of payment to support the content they were reading- tugged on the emotional reasons to support The Guardian’s journalism, not just a transaction reason such as providing them with an app or access to events.
What is a sign that the supporter led organisation structure is working?
Early signs are that this focus is working. In 2015/16, GNM made an operating loss of £57m, but cut that to £38m a year later and expects to make a loss in 2017/18 of £25m before reaching its target of breakeven in 2018/2019.
In 2020, what percentage of the Guardian’s revenue came from its digital operations?
Even though The Guardian’s print operations make up a significant part of its revenue, 61 percent of the company’s income in 2020 came from its digital operations.