THE GUARDIAN- INDUSTRY CONTEXT Flashcards
What is the Guardian?
- British Broadsheet Newspaper.
- Part of the GMG group
Who owns The Guardian?
- Owned by Scott’s Trust (parent company of GMG and Media LTD)
GMG?
- Gurdian Media Group (owns the Guardian/ The Observer)
Why was the Scott’s Trust founded? What was its main intention?
- Founded to ensure NO single ownser could BUY and SECURE the paper.
1) Safeguard the Guardian from commercial/ political interference.
2) Protect the papers values (honesty, fairness, liberal investigative journalism)
How is the Guardian funded?
- Voluntary reader donations.
- Membership
- Adveritising
- Scott Trust endowment fund
- Guardian.org
(previously relied on middle-class radicals financial
* support)
What is the Scott Trust endowment fund?
- Fund- focuses on socially responsible investments-
- profit from these investments supports the paper.
What is Guardian.org?
- Non-profit org
- Set up by the trust to raise funds from groups and private donor.
(Bill Gates dontates to the paper- shared values)
What economic challenges has The Guardian faced in recent years?
- Decline in print advertising revenue
- Rise of digital platforms like social media for news consumption.
- Increased reliance on digital subscriptions
How did The Guardian’s format change in 2018 and what was its impact?
- Transitioned from a European-sized Berliner format to a tabloid format.
- Helped reduce the paper’s operating costs by £19.1 million
(a crucial step in adapting to economic pressures)
How has The Guardian adapted to the digital era?
- Strong online presence- operating a major digital version of the newspaper.
- Digital content= free to access and follows a buisness model that relies on donations, subscriptions and ad revenues.
What is the extent of The Guardian’s online presence?
- Strong online presence (website, mobile apps, social media platforms)
- Popularity- millions of visits per month/ large global audience.
- Appealing presence- interactive features, podcasts, video content, multimedia storytelling)
effect- engages digitally savy + young audiences and offsets decline in print revenue.
How is the Guardians economic/ ownsership model compare to other UK newspapers?
- Ownership- no sole ownsership/owned via trust.
- Has a 2.8% share in Uk’s print news market vs DM’s 25% share.
= facilitates editorial freedom (drom shareholders/advertisers) but challenges profitability
Politics?
- Left-leaning (center left)
- Often supports labour/ Green policies.
- Progessive editorial stance/ investigative journalism
= strong brand idenity/ maintains loyal readership.
The Daily Mail has a … share in the Uk’s print news market?
Has a 2.8% share in Uk’s print news market vs DM’s 25% share.