The Guardian's sole shareholder, the Scott Trust, says the title's future is "secure for generations to come" after Guardian Media Group today completed the sale of its 50.1 per cent stake in Auto Trader.

GMG has received £619m from the disposal of Trader Media Group to venture capital firm Apax Partners, which becomes the sole shareholder after previously owning 49.9 per cent of the company.

The news comes as GMG announced it was forecasting a 20 per cent increase in digital revenues for 2013/14, to about £70m. The group said net revenues are also forecast to rise for the first time since 2008.