The Guardian is a British daily newspaper. It was founded in 1821 as The Manchester Guardian, and changed its name in 1959. The Observer and The Guardian Weekly, the Guardian is part of the Guardian Media Group, owned by the Scott Trust. The trust was created in 1936 to "secure the financial and editorial independence of the Guardian in perpetuity and to the journalistic freedom and liberal values of the Guardian of free or commercial political conflict."  The trust was converted into a limited company in 2008, with a constitution written for the purposes of the Guardian, the same protections were built into the structure of the Scott Trust by its creators. Profits are reinvested in journalism rather than distributed to owners or shareholders.