The Guardian is a foundation-owned national British newspaper known for its global reach and liberal editorial stance.
The Guardian was founded in 1821 as the Manchester Guardian (it was moved to London in 1964). In 1936, ownership of the paper was passed on to the Scott Trust, which has pledged to maintain the paper’s independence and liberal editorial tradition and to reinvest whatever profit it makes.
The Guardian is a national newspaper, and two-thirds of its online readers are outside the U.K. It is believed to have the fifth most-read English-language news site and, as of 2013, the third-most-read English-language newspaper site in the world. As of late 2012, it had a newsroom of approximately just under 600 employees.
The Guardian had a print circulation in 2013 of about 160,000, far from the largest in Britain. Its web readership is much greater, however, with more than 100 million monthly unique visitors in 2014, including, as of 2013, at least 20 million in the U.S. By the end of that year its U.S. traffic exceeded its U.K. traffic, though as of 2014, it had the highest U.K. traffic of any newspaper in that country. The paper’s total monthly British readership was estimated via survey at 8.95 million in mid-2012, with more than half of that total coming online.
The Guardian launched an American edition of its website in 2007 (which was closed in 2009), and it has articulated an aim to become the “leading global liberal voice.” In March 2011, The Guardian announced plans for an expanded digital operation in the U.S., naming editor Janine Gibson as the head of the effort and later hiring blogger Glenn Greenwald, who announced in 2013 he would leave the paper to create his own news organization. It announced it would open a West Coast office in 2014, and began collaborating with numerous American news organizations on various projects. It also launched a digital Australian edition in 2013. In print, however, the paper announced it would stop its international editions as of October 2011 and cut other print supplements.
The Guardian is published under the Scott Trust by Guardian News and Media, which also publishes the London daily newspaper The Observer. It also owns the web economics network ContentNext Media and half of the business publisher Emap. In 2014, it sold its half-share of the classifed network Trader Media Group for £619 million.
Guardian News and Media has lost money each of the past six years, including £33 million in 2010, £31.1 million in 2011, £44.2 million in 2012, and £30.9 million in 2013. Its parent company, Guardian Media Group, reported a 2013 profit of £22.7 million. The paper’s losses are offset by the trust’s assets.
Based in part on those financial difficulties, the Guardian’s executives announced in June 2011 a “digital first” strategy aimed at doubling the company’s digital revenues within five years. In 2012, 75% of the Guardian’s revenue was generated from print, and as of 2013, it was generating 28% of its revenue from digital. In the strategy’s first year, the company lost $69 million, prompting plans of further cuts and restructuring. In early 2014, however, its digital revenue rose about 25% to £70 million.