Guardian News & Media (GNM) publishes theguardian.com, one of the world's leading news websites, as well as guardiannews.com and the Guardian and Observer newspapers. GNM is the core business of Guardian Media Group (GMG), whose sole shareholder is The Scott Trust. The core purpose of The Scott Trust is to secure the financial and editorial independence of the Guardian in perpetuity.
Profits generated by GMG are reinvested to sustain journalism that is free from commercial or political interference. No individual can benefit financially from being a shareholder in The Scott Trust, making it a unique form of media ownership. The original Scott Trust was formed in 1936, and reconstituted in 1948. In 2008 the trust was wound up and replaced with a limited company bearing the same name and with the same protections for the Guardian enshrined in its constitution.