The Guardian has become the fifth most trafficked news site globally while legacy outlets like the Washington Post struggle—CEO Anna Bateson reveals how an unusual trust-based ownership model, early digital embrace, and reader-revenue strategy create resilience. She discusses AI threats, the risks of billionaire ownership, and why The Guardian's mission-driven approach resonates with 1.4 million subscribers worldwide. The Guardian's Scott Trust ownership structure, which guarantees editorial independence and reinvests profits into journalism rather than enriching shareholders, provides strategic differentiation legacy competitors lack.