April 30, 2016 7:57 PM ET

Media

Company Overview of Guardian Media Group plc

Company Overview

Guardian Media Group plc, through its subsidiaries, engages in the dissemination of news, information, and advertising material by way of digital and print media in the United Kingdom and internationally. It publishes theguardian.com, a news Website; and the Guardian and Observer newspapers. The company was incorporated in 1907 and is headquartered in London, the United Kingdom. Guardian Media Group plc operates as a subsidiary of The Scott Trust Limited.

Kings Place

90 York Way

London,  N1 9GU

United Kingdom

Founded in 1907

1,650 Employees

Key Executives for Guardian Media Group plc

Chief Executive Officer and Director
Chief Financial Officer and Director
Editor-In-Chief of Guardian News & Media and Director
Company Secretary
Revenue Director
Compensation as of Fiscal Year 2015.

Guardian Media Group plc Key Developments

Guardian Media Group to Cut 250 Jobs in Bid to Break Even Within Three Years

Guardian Media Group is planning to cut 250 jobs - including 100 in editorial - and to restructure the less profitable parts of the company in a bid to break even within three years. As part of plans to cut operating losses, which amounted to £58.6 million in the year to the end of March, the Guardian and Observer publisher is to give up its ambitions to turn the Midlands Goods Shed, a former train depot, into a large events space and will restructure the less profitable parts of the business. In total, the UK workforce is expected to be cut by 18%, or 310 jobs, as about 60 positions in both commercial and editorial remain unfilled. The company hopes all cuts will be made by voluntary redundancies. In total at GMG, some 100 jobs are earmarked to be cut from the 725-strong editorial workforce and 150 from commercial departments, support functions such as finance and human resources and other parts of the business.

Guardian Media Group Announces Board Appoints

Guardian Media Group has appointed Baroness Rebuck, the chair of book publisher Penguin Random House UK, and Wikipedia founder Jimmy Wales to its board. They join other high profile figures on the board of the Guardian and Observer's parent company including chairman Neil Berkett, chief executive David Pemsel, Guardian News & Media editor-in-chief Katharine Viner and O2 chief executive Ronan Dunne. Rebuck, who was chief executive of Random House for 22 years until its merger with rival Penguin in 2013, also chairs the Cheltenham Literature Festival.

Guardian Media Group plc Appoints Richard Kerr as Chief Financial Officer

Guardian Media Group plc announced the appointment of Richard Kerr as chief financial officer. Richard joins GMG from UBM where he was most recently CFO and interim CEO of UBM EMEA. Richard will sit on the GMG Board and the Guardian News & Media Executive Committee. He will oversee the finance, corporate development, risk and commercial legal functions. In addition, the company secretary will report into Richard, as will Richard Furness, GNM's director of publishing. Richard has been chief financial officer of UBM EMEA (formerly UBM Live) since January 2011. Richard joined UBM in 2004 and was head of group development from 2004 to 2008. In this role he was responsible for managing more than 60 worldwide acquisitions, the majority of which were in the events space. He then moved to UBM Aviation, where he was CFO and senior vice president for events and publications, responsible for all the trade shows, conferences and magazines in the division.

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