 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 now-defunct scott trust, which had owned the guardian since 1936. ==history== the trust was established in 1936 by john 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 the closure or sale of the newspapers, and to protect the liberal editorial line of the guardian from interference by future proprietors. 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; 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 the m.g., a. p. wadsworth. it has become normal practice for a guardian journalist to be a member of the trust, though he or she is not considered to be a "representative" of the staff, as this may result in a conflict of interests. ==the trust today== the trust 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", has a policy of not interfering in their decisions. this arrangement tends to give editors a long tenure â for example, the incumbent, alan rusbridger, has been there since 1995. in 1992, the trust identified its central objective as being the following: :"to secure the financial and editorial independence of the guardian in perpetuity: as a quality national newspaper without party affiliation; remaining faithful to its liberal tradition; as a profit-seeking enterprise managed in an efficient and cost-effective manner." the trust sees its main functions as being the following: *"to secure the trust's own continuity by renewing its membership and by dealing with threats to its existence *to monitor the organisation, financial management and overall strategy of the group, holding the board accountable for its performance *to appoint and 'in extreme circu
1936_establishments_in_the_United_Kingdom British_media Companies_established_in_1936 Guardian_Media_Group The_Guardian