> It’s been owned by the Scott Trust since the 1930s
It's now The Scott Trust Ltd. In 2008 they wound up the original trust and transferred assets to a limited company which has gutted a lot of what it was. They sold off local papers to Maxwell's empire, their radio interests and Autotrader. They even sold off their properties to private equity.
They sold off the Observer, essentially The Guardian's Sunday edition, which was condemned as a betrayal of the OG trust. The original trust was bound by deed to pursue it's mission but the limited company can sell off the Guardian or change it's purpose with a 75% board vote.
> It’s been owned by the Scott Trust since the 1930s
It's now The Scott Trust Ltd. In 2008 they wound up the original trust and transferred assets to a limited company which has gutted a lot of what it was. They sold off local papers to Maxwell's empire, their radio interests and Autotrader. They even sold off their properties to private equity.
They sold off the Observer, essentially The Guardian's Sunday edition, which was condemned as a betrayal of the OG trust. The original trust was bound by deed to pursue it's mission but the limited company can sell off the Guardian or change it's purpose with a 75% board vote.